Sample 2 - Permanent

This Agreement made and entered into this___________________ between ___________________., whose address is ____________________________ and _____________________________, whose address is ___________________________, agree to cooperate with each other in the sharing of candidates and company job orders for the purpose of achieving split-placements under the following conditions:

1. Definitions of certain terms used within the framework of this agreement.

  • Referring Agency - Agency supplying the applicants to fill a job order secured by the Placing Agency
  • Placing Agency - Agency possessing a bona fide job order and responsible for all contracts, referrals, and refunds.

2. All Candidates and/or job orders shared between the Signators of this agreement shall have been received through their own recruiting or business development efforts and not from any third party agency or any source to whom financial obligation may be due.

3. Any and all placement fees resulting from cooperative split placements made through this agreement shall be split 50% to the Placing Agency and 50% to the Referring Agency.

4. Payment of split fees to the Referring Agency shall be made within (3) business days following receipt of fee payment if fee payment was made in cash, or (3) business days from the date of clearing of check or other bank draft received by the Placing Agency. All fees will be split after any credit costs or legal costs (incurred to collect overdue placement fees) have been deducted. Payment of split fees shall always be accompanies by a copy of the client company's check showing the full amount paid to the Placing Agency.

5. Placement fees will be billed by the Placing Agency according to their fee schedule existing at the date of the bona fide placement. Exception to this condition may be made if agreed to in advance, by the Signators to this Agreement.

6. If a refund of agency fees must be made to a client company, the Referring Agency will, within (5) calendar days of notification of the refund doe by the Placing Agency, provide the Placing Agency with their applicable portion of the refund due. ________(agency name)_____________ of ___________(address, phone, fax)__________. The Placing Agency will, at all times, show due concern for the Referring Agency's equity in any and all outstanding fees, and will take all necessary actions, after consultation with the Referring Agency, deemed prudent in an attempt to collect and all overdue placement fees. It is understood that no fee will be paid to the Referring Agency until such fee is collected by the Placing Agency.

8. All placements resulting form referral of applicants between the agencies shall involve a split in accordance with the above noted procedures except in the following situations:

  • If the Placing Agency had prior direct contact with the applicant, the Placing Agency will promptly advise the Referring Agency of the prior contact.
  • After receiving an applicant from the Referring Agency, and before any contact is made with the applicant based on this referral, if the applicant makes direct unsolicited contact with the Placing Agency, after 12 months, they may consider him/her a direct candidate for any subsequent placement activity. However, any placement resulting from referrals to client companies prior to the date such direct contact is established shall involve a split fee with the Referred Agency.
  • Any unsolicited Candidate Referrals will not be accepted by the Placing Agency. All Candidate Referrals must be for an existing, bona fide job order given to the Referring Agency.

Your Company Name

Your Compay Representative's Name

You Company Representative's Signature

Date

Partner Company Name

Partner Company Representative's Name

Partner Company Representative's Signature

Date