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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."
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
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
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
Financial Services
Technology
Manufacturing
Healthcare
Professional Services
Retail
Education
Construction
Telecommunications
Energy
Logistics
Hospitality
Real Estate
Consumer Goods
Industrial
Human Resources
Legal
Procurement
Finance
Operations
Talent Acquisition
Contracts Administration
Business Development
Compliance
Risk Management
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
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