Shared placement or Split Fee agreements allow one recruiter to match their job orders with another recruiter's candidate in an attempt to make a shared placement with the placement fee money being split between the two recruiters. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
North Carolina Recruiting — Split Fe— - Agreement refers to a specific type of agreement commonly used in the recruitment industry in the state of North Carolina. This agreement is designed to foster collaboration between independent recruitment agencies or recruiters in the area. The purpose of the North Carolina Recruiting — Split Fe— - Agreement is to share the workload and the financial benefits of filling job positions by splitting the fees earned from successful placements. It enables recruiters to leverage each other's networks, resources, and expertise, thereby increasing the chances of finding suitable candidates for their clients. The agreement typically outlines the terms and conditions agreed upon by both parties involved in the collaboration. Below are some relevant keywords and clauses that might be included in different types of North Carolina Recruiting — Split Fe— - Agreements: 1. Agreement Terms: This specifies the length of the agreement, the effective date, and any clauses related to termination or renewal. 2. Fee Split Ratio: The agreement will define the ratio or percentage of the placement fee that each party will receive upon a successful placement. For example, it could be a 50-50 split, where both parties receive an equal share of the fee. 3. Client Ownership: This clause addresses the ownership of the client relationship. It may outline whether the client will be owned jointly by both parties or if one party will retain sole ownership. 4. Candidate Ownership: Similar to the client ownership clause, this clause determines how the ownership of the candidate will be treated. It specifies whether both parties have equal rights to represent the candidate or if one party will have exclusive rights. 5. Payment Schedule: This outlines the agreed-upon payment schedule and specifies when the split fees should be paid to each party. It could be based on the successful candidate's start date or a predetermined timeline. 6. Non-Compete: Some agreements may include a non-compete clause that prohibits either party from directly competing with each other on the same job placement during the agreement's duration. 7. Confidentiality: This clause ensures that both parties maintain the confidentiality of client and candidate information, prohibiting them from sharing sensitive data with third parties without appropriate consent. 8. Dispute Resolution: In case of any disagreements or conflicts, the agreement may outline a dispute resolution mechanism, such as mediation or arbitration, to resolve issues amicably. It's important to note that while the core elements mentioned above are commonly found in North Carolina Recruiting — Split Fe— - Agreements, the specific terms and conditions can vary depending on the parties involved and their mutual understanding. It is advisable for recruiters to consult with legal professionals to ensure that their agreement complies with North Carolina laws and regulations.
