The plain-English WETYR Partner Referral Agreement. Two pages. Sign once. Applies to all future referrals. Designed to be readable by partners without requiring legal review (though we recommend you do).
1. Parties
This agreement is between WETYR ("WETYR") and the person or firm signing as Partner ("Partner"). Either party may terminate with 30 days' written notice; in-flight referrals continue to pay per the original schedule through close.
2. Referral Definition
A "Referral" is a business owner, operator, or company introduced to WETYR by Partner via written submission (form, email, or call) that results in a paid WETYR engagement within 24 months of submission. Referrals are tracked by reference number issued at submission.
3. Referral Fees
WETYR pays Partner the following referral fees on engagements that close (cash-equivalent collected, not gross stated):
- 10% of WETYR's success fee on closed sell-side advisory transactions
- 10% of WETYR's success fee on closed buy-side advisory transactions
- $10,000 to $50,000 flat (deal-size tiered) on direct operator-buyer acquisitions where no broker commission applies
- 10% of first 12 months of retainer on exit planning, succession planning, growth, scaling, or consulting engagements
- 5% of WETYR's cumulative success fees across all closed transactions in a 24-month rollup engagement window
4. Payment Timing
Transactional fees pay within 30 days of WETYR collecting its own fee. Retainer-based fees pay quarterly as retainer is collected. WETYR issues a 1099-NEC at year-end to any Partner receiving $600+ in fees during the calendar year.
5. Multiple Referrers
If two Partners refer the same business and both contributions were material, WETYR splits the fee 50/50 unless both Partners agree to a different split. WETYR will inform each Partner of the other.
6. Reciprocal Referrals
WETYR maintains active client engagements where clients need legal, tax, wealth, insurance, real estate, banking, or coaching support. Partners are eligible for reciprocal referrals from WETYR. No payment is required from Partner for reciprocal referrals received.
7. Compliance Alternatives
Partners whose profession or registration restricts acceptance of referral fees can elect: (a) Reciprocal-Only — no fee paid, referrals flow both ways at no cost; or (b) Charity-Direct — WETYR donates the calculated fee directly to a 501(c)(3) of Partner's choice and provides the donation receipt to Partner.
8. Confidentiality
Partner agrees not to disclose the identity of referred owners to third parties without WETYR's consent. WETYR agrees not to disclose Partner's referrals to third parties without Partner's consent. Standard NDA terms apply.
9. No-Solicit
During the term of this agreement and for 24 months after termination, WETYR will not directly solicit Partner's employees, advisors, or principals for employment with WETYR.
10. No Exclusivity
This agreement is non-exclusive. Partner may refer business to competing firms. WETYR may receive referrals from other partners. Neither party owes exclusivity.
11. Honest Conduct
WETYR will tell referred owners that Partner sent them. WETYR will not strip Partner from the referral chain or misrepresent how the introduction was made. Partner agrees to make accurate disclosures to clients about the existence of the referral relationship.
12. Term & Termination
This agreement starts on signature date and continues until terminated by either party with 30 days' written notice. In-flight referrals (where WETYR has engaged the owner and is still in active engagement) continue to pay per the original schedule through close.
13. Governing Law
This agreement is governed by the laws of the State of Florida. Disputes are subject to binding arbitration in Brevard County.
14. Signing
To sign the agreement, request a copy via email to partners@wetyr.com or by submitting your first referral via the online form. WETYR will email a copy for electronic signature within 1 business day.
Sign And Start Referring
Request the agreement, or submit your first referral and we will email it as part of the onboarding.
Authoritative Sources & Further Reading
WETYR works alongside primary sources, regulators, and industry data providers when advising owners and operators. The references below are the same sources our advisory team uses when modeling deals, benchmarking multiples, and stress-testing assumptions. We encourage every owner, buyer, and operator to verify any data point that materially affects their decision against the underlying primary source.
Primary Federal Sources
- U.S. SBA — 7(a) Loan Program for acquisition financing eligibility, terms, and lender list.
- SEC EDGAR for public-company comparables, 10-K disclosures, and recent strategic acquirer filings.
- IRS — Sale of a Business on Section 1060 asset-allocation reporting and tax treatment of asset vs stock sales.
- U.S. Bureau of Labor Statistics — Industries at a Glance for wage, employment, and growth data by NAICS code.
- U.S. Census Economic Census for industry size, firm counts, and revenue distributions.
- Federal Reserve Economic Data for prevailing rate environment underwriting.
Standards & Reference Bodies
- AICPA for Quality of Earnings methodology and CPA standards governing transaction-related financial work.
- FINRA Rules and Guidance for understanding when a transaction crosses into broker-dealer territory.
- NACVA business valuation credentialing body and standards (CVA designation).
- USPAP — Uniform Standards of Professional Appraisal Practice for valuation engagement standards.
- Investopedia — EBITDA reference page for definitional alignment with our glossary.
- Harvard Business Review — Mergers and Acquisitions archive on integration and post-close value creation.
For deeper transaction-specific data, the GF Data and PitchBook private-company transaction databases publish quarterly multiple ranges by industry size band that we cross-reference against our own pipeline benchmarks. Owners considering a sale should also review the Pepperdine Private Capital Markets Report (free, annual) for current cost-of-capital and lender appetite data across the lower middle market. Buyers underwriting search-fund or holdco theses commonly pair Stanford GSB's Search Fund Study with the IBBA Market Pulse report, which tracks multiples for sub-$50M transactions quarterly. None of these sources replace deal-specific advisory, but they give owners and operators the same reference points professional acquirers are using on the other side of the table.
Related WETYR Resources
Every WETYR resource ladders into a structured engagement framework. Whether you are diagnosing readiness, modeling a number, or preparing for a specific transaction phase, the resources below cover the most common owner and operator workflows. All tools are free; all guides are operator-written; all engagements start with a confidential conversation.
Engagement Pillars
Decision Tools
Operator-Written
Glossary & FAQ
Checklists & Templates
Niche Coverage
If you are not sure where to start, the Exit Readiness Score takes about four minutes and produces a one-page diagnostic on the value drivers most likely to compress your multiple. From there the natural next step is either a long-form guide covering your specific situation, a focused glossary term lookup, or a confidential introductory call with our team to discuss whether WETYR's advisory or operator-buyer engagement is a fit. Our team responds to every inbound inquiry within one business day.