Referral Fees
/rɪˈfɜːrəl fiːz/
Definitions
- (n.) Payments made to an individual or entity for directing a client or customer to a service or professional.
The lawyer disclosed the referral fees received for recommending a financial advisor.
- (n.) Compensation paid for the recommendation of clients in legal, medical, or business contexts, often subject to ethical regulations.
Ethical rules often restrict attorneys from accepting referral fees to avoid conflicts of interest.
Forms
- referral fees
- referral fee
Related terms
See also
Commentary
Referral fees typically require disclosure under professional conduct rules and may be prohibited or regulated to prevent unethical inducements.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.