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.
Illinois Recruiting — Split Fe— - Agreement is a legally binding contract between two recruiting agencies or professionals that outlines the terms and conditions for sharing of candidate placement fees. This agreement is commonly used in the field of recruiting and staffing services in the state of Illinois. In a typical Illinois Recruiting — Split Fe— - Agreement, the parties involved establish the guidelines for splitting the fees and commissions that result from a successful placement of a candidate. These fees are usually predetermined and stated as a percentage of the total placement fee. The agreement also specifies the roles and responsibilities of each party, ensuring clarity and mutual understanding. There are different types of Illinois Recruiting — Split Fe— - Agreements that can be tailored to suit the specific needs and preferences of the recruiting agencies or professionals. Some common types include: 1. Standard Split Fee Agreement: This is the most common type of agreement where the placement fees are evenly divided between the recruiting agencies or professionals involved in the placement process. The percentage split is typically agreed upon beforehand and can vary depending on the nature of the placement and the services rendered. 2. Exclusive Split Fee Agreement: In this type of agreement, one agency exclusively handles the recruitment process, and the split fee is derived from their efforts. The agreement ensures that only one agency receives the fee while involving other agencies in a limited capacity, such as providing referrals or assistance. 3. Contingency Split Fee Agreement: This type of agreement is based on the contingency that the candidate stays employed for a specified period, typically a probationary period. If the candidate does not meet the criteria, the fee is either reduced or completely waived, and the parties negotiate an alternative arrangement. 4. Retainer Split Fee Agreement: This agreement requires one party to pay a retainer fee to secure the services of another party. The retainer fee is deducted from the total placement fee, which is then split between the parties based on the predetermined percentage. 5. Industry-specific Split Fee Agreement: Certain industries have unique regulations or requirements for placing candidates, and therefore, industry-specific split fee agreements may be used. These agreements incorporate specific terms and conditions relevant to the respective industry, ensuring compliance and effectiveness. It is essential for both parties involved in an Illinois Recruiting — Split Fe— - Agreement to carefully review and understand the agreement's terms before entering into it. Consulting legal professionals or employment experts can provide additional guidance and help draft a customized agreement that suits individual needs.Illinois Recruiting — Split Fe— - Agreement is a legally binding contract between two recruiting agencies or professionals that outlines the terms and conditions for sharing of candidate placement fees. This agreement is commonly used in the field of recruiting and staffing services in the state of Illinois. In a typical Illinois Recruiting — Split Fe— - Agreement, the parties involved establish the guidelines for splitting the fees and commissions that result from a successful placement of a candidate. These fees are usually predetermined and stated as a percentage of the total placement fee. The agreement also specifies the roles and responsibilities of each party, ensuring clarity and mutual understanding. There are different types of Illinois Recruiting — Split Fe— - Agreements that can be tailored to suit the specific needs and preferences of the recruiting agencies or professionals. Some common types include: 1. Standard Split Fee Agreement: This is the most common type of agreement where the placement fees are evenly divided between the recruiting agencies or professionals involved in the placement process. The percentage split is typically agreed upon beforehand and can vary depending on the nature of the placement and the services rendered. 2. Exclusive Split Fee Agreement: In this type of agreement, one agency exclusively handles the recruitment process, and the split fee is derived from their efforts. The agreement ensures that only one agency receives the fee while involving other agencies in a limited capacity, such as providing referrals or assistance. 3. Contingency Split Fee Agreement: This type of agreement is based on the contingency that the candidate stays employed for a specified period, typically a probationary period. If the candidate does not meet the criteria, the fee is either reduced or completely waived, and the parties negotiate an alternative arrangement. 4. Retainer Split Fee Agreement: This agreement requires one party to pay a retainer fee to secure the services of another party. The retainer fee is deducted from the total placement fee, which is then split between the parties based on the predetermined percentage. 5. Industry-specific Split Fee Agreement: Certain industries have unique regulations or requirements for placing candidates, and therefore, industry-specific split fee agreements may be used. These agreements incorporate specific terms and conditions relevant to the respective industry, ensuring compliance and effectiveness. It is essential for both parties involved in an Illinois Recruiting — Split Fe— - Agreement to carefully review and understand the agreement's terms before entering into it. Consulting legal professionals or employment experts can provide additional guidance and help draft a customized agreement that suits individual needs.
