Referral Program Terms and Conditions
These Referral Program Terms and Conditions (“Terms”) govern your participation in the referral program (“Program”) offered by CFOAF LLC (“Company”, “we”, “our”, “us”). By participating in the Program, you (“Referrer”, “you”) agree to comply with these Terms. Please read them carefully.
1. Eligibility
1.1 The Program is open to individuals aged 18 years or older who are legally able to enter into binding contracts in their jurisdiction.
1.2 Employees, contractors, agents, partners, and affiliates of the Company, or their immediate family members, are not eligible to participate.
1.3 The Company reserves the right to verify the eligibility of any participant at any time.
2. Referral Process
2.1 A “Referral” occurs when a new client (“Referred Client”) is introduced to the Company by the Referrer and subsequently signs a service engagement agreement with the Company.
2.2 Referrals must be submitted using the Company’s designated referral form, portal, or official communication channel, including the name and contact details of the Referred Client.
2.3 Referrals must be submitted prior to the Referred Client’s initial contact or engagement with the Company. Referrals submitted after a prospect has already been in contact with the Company may be deemed ineligible.
2.4 Only the first Referrer to submit a qualified referral will be eligible for referral rewards. Subsequent referrals of the same client will not qualify.
3. Referral Reward Structure
3.1 For each Successful Referral (as defined in Section 4), the Referrer will receive referral rewards calculated as follows:
10% of the Net Revenue generated from the Referred Client’s service engagement during the first 12 months following the client’s initial agreement start date.
5% of the Net Revenue generated from the Referred Client’s service engagement during months 13 to 24, provided the client remains an active paying client.
3.2 “Net Revenue” means gross revenue actually received by the Company from the Referred Client for services under the signed agreement, excluding taxes, refunds, chargebacks, discounts, credits, or third-party fees.
3.3 Referral rewards will not apply to additional purchases, upsells, or contract renewals after 24 months from the client’s onboarding.
4. Criteria for a Successful Referral
A referral qualifies as a Successful Referral if all of the following conditions are met:
4.1 The Referred Client has never previously engaged with or been a client of the Company.
4.2 The Referred Client enters into a legally binding service engagement agreement with the Company within 90 days of being referred.
4.3 The Referred Client remains in good standing (i.e., active and paying) under the agreement and does not cancel, default, or breach their obligations within the reward eligibility period.
4.4 All payments from the Referred Client to the Company must be received and cleared. Unpaid, disputed, or refunded invoices will not count toward Net Revenue for referral reward calculation.
4.5 Referral rewards will only be calculated on payments received from Referred Clients who complete at least one full billing cycle under their agreement. If a client cancels prior to the completion of the first billing cycle, no reward will be paid.
4.6 Net Revenue used to calculate rewards will exclude any amounts subject to a refund or chargeback period until such period has expired.
5. Payment Terms
5.1 Referral rewards will be calculated monthly based on the Net Revenue actually received by the Company from each Referred Client during the applicable month.
5.2 Rewards will be paid to the Referrer within 30 days after the end of each calendar month.
5.3 Payments will be made via Zelle / Bank Transfer, as selected by the Referrer, subject to applicable processing fees or currency conversion charges.
5.4 The Referrer is solely responsible for reporting and paying any applicable taxes, levies, or other governmental fees related to referral rewards received.
6. Non-Circumvention
6.1 Neither the Referred Client nor the Company shall circumvent the Referrer or engage in any action intended to avoid or reduce the referral reward payable under this Program.
6.2 If the Company discovers that a Referred Client was onboarded in a manner that bypasses the Referrer’s valid claim (including direct outreach after a referral has been submitted), the Company will, in good faith, honor the referral rewards as if the bypass had not occurred.
6.3 The Referrer agrees not to circumvent the Company or solicit the Referred Client to contract with other parties for similar services.
7. Limitations and Exclusions
7.1 The Program is intended for referrals of new business clients only. The following will not qualify as valid referrals:
Referrals of existing clients, former clients, or clients already in negotiations with the Company.
Self-referrals or referrals of entities in which the Referrer holds a direct or indirect ownership interest.
Referrals submitted after the Referred Client has signed or initiated negotiations with the Company.
7.2 Referral rewards are non-transferable and non-assignable.
8. Compliance and Fair Use
8.1 The Referrer agrees to comply with all applicable laws, regulations, and guidelines in connection with participation in the Program.
8.2 The Referrer must not engage in deceptive, misleading, fraudulent, spam-based, or unethical marketing practices to promote referrals.
8.3 The Company reserves the right to disqualify any referral or participant that violates these Terms or engages in conduct that undermines the integrity or intent of the Program.
9. Program Modifications and Termination
9.1 The Company reserves the right to modify, suspend, or terminate the Program, in whole or in part, at any time and for any reason, with or without notice.
9.2 Changes to the Program will not affect referral rewards already earned for Successful Referrals submitted prior to the effective date of the change.
9.3 The Company reserves the right, in its sole discretion, to withhold referral rewards for any Referrals that do not fully comply with these Terms or where the reward would result in a violation of law, policy, or ethical standard.
10. Limitation of Liability
10.1 To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, consequential, special, punitive, or exemplary damages arising out of or related to the Program.
10.2 The Company’s total liability under these Terms shall not exceed the total amount of referral rewards earned by the Referrer under the Program.
11. Miscellaneous
11.1 These Terms constitute the entire agreement between you and the Company regarding the Program and supersede any prior agreements or understandings.
11.2 These Terms shall be governed by and construed in accordance with the laws of TN, USA, without regard to its conflict of law principles.
11.3 Any disputes arising under or in connection with these Terms shall be resolved exclusively in the courts located in Montgomery County.
11.4 If any provision of these Terms is held to be invalid or unenforceable, the remaining provisions will remain in full force and effect.