LEAD GENERATION AND COMPENSATION Clause Samples

LEAD GENERATION AND COMPENSATION. If either party (the "Finder") identifies a sales lead which it elects not to pursue and which it believes the other party (the "Receiver") could use to its advantage, the following procedures shall govern: (i) the Finder shall register the sales lead with the Receiver through an e-mail notice (the "Registration"). If the parties believe that an e-mail registration is inadequate for these purposes, they shall agree upon another form of Registration to take effect from the date of such agreement. The Registration will provide information about the sales lead such as the names and phone numbers of the key personnel involved and a description of the needs that may be satisfied by the Receiver; (ii) if the Finder has proceeded sufficiently in the sale cycle to make same commercially acceptable to the sales lead, the Finder will introduce the Receiver to the sales lead; (iii) the Receiver will have five (5) days from receipt of the Registration to accept or reject the Registration. It will be solely at the discretion of the Receiver as to whether this is accepted or rejected. If a rejection is made, it will be accompanied by a short explanation, (i.