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Placement Fee Agreement Template for Malaysia

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Key Requirements PROMPT example:

Placement Fee Agreement

"I need a Placement Fee Agreement for my tech recruitment agency based in Kuala Lumpur, focusing on executive-level placements with a 90-day guarantee period and including international recruitment provisions for Southeast Asian countries."

Document background
The Placement Fee Agreement is a crucial legal document used in Malaysia to formalize the relationship between recruitment agencies and companies seeking talent acquisition services. This agreement is essential when a company engages a recruitment agency to source, screen, and place candidates for employment positions. The document comprehensively covers fee structures, service levels, replacement guarantees, and compliance with Malaysian regulations, including the Private Employment Agencies Act 1981 and related employment laws. It's particularly important in protecting both parties' interests by clearly defining payment terms, scope of services, and mutual obligations while ensuring adherence to local legal requirements for recruitment services.
Suggested Sections

1. Parties: Identifies and provides full details of the recruitment agency and the client company

2. Background: Brief context about the purpose of the agreement and the parties' intentions

3. Definitions: Defines key terms used throughout the agreement

4. Scope of Services: Details the recruitment and placement services to be provided by the agency

5. Agency Obligations: Specifies the responsibilities and commitments of the recruitment agency

6. Client Obligations: Outlines the responsibilities and commitments of the client company

7. Fee Structure: Details the placement fees, calculation methods, and payment terms

8. Payment Terms: Specifies payment timeline, method, and late payment consequences

9. Guarantee Period: Defines the replacement guarantee period and related terms

10. Confidentiality: Provisions for handling confidential information

11. Term and Termination: Duration of agreement and conditions for termination

12. Governing Law: Specifies Malaysian law as governing law and jurisdiction

13. General Provisions: Standard boilerplate clauses including notices, amendments, and entire agreement

Optional Sections

1. Non-Solicitation: Prevents either party from hiring the other's employees - include when dealing with larger recruitment agencies

2. Exclusivity: Makes the agency the exclusive recruitment partner - include when agreed with client

3. International Placements: Additional terms for cross-border recruitment - include when international recruitment is offered

4. Volume Discounts: Special fee arrangements for bulk placements - include for larger clients

5. Data Protection: Detailed PDPA compliance terms - include when handling significant personal data

6. Force Majeure: Provisions for unforeseen circumstances - include in higher-value agreements

7. Dispute Resolution: Detailed dispute resolution process - include in high-value agreements

Suggested Schedules

1. Schedule 1 - Fee Schedule: Detailed breakdown of placement fees for different position levels and types

2. Schedule 2 - Service Specifications: Detailed description of recruitment services and processes

3. Schedule 3 - Replacement Terms: Detailed terms of the replacement guarantee and refund policy

4. Appendix A - Required Documentation: List of documents required for candidate submissions

5. Appendix B - Service Level Agreement: Specific timeframes and performance metrics

6. Appendix C - Approved Job Categories: List of job categories covered by the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















Clauses




























Relevant Industries

Financial Services

Technology

Manufacturing

Healthcare

Professional Services

Retail

Education

Construction

Telecommunications

Energy

Logistics

Hospitality

Real Estate

Consumer Goods

Industrial

Relevant Teams

Human Resources

Legal

Procurement

Finance

Operations

Talent Acquisition

Contracts Administration

Business Development

Compliance

Risk Management

Relevant Roles

HR Director

Legal Counsel

Procurement Manager

HR Manager

Talent Acquisition Manager

Finance Director

Chief Financial Officer

Operations Manager

Recruitment Manager

Contracts Manager

Chief Human Resources Officer

General Counsel

Business Development Manager

Account Manager

HR Business Partner

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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