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.
The Kansas Recruiting Split Fee Agreement is a legally binding agreement that outlines the terms and conditions between two recruiting agencies or professionals who agree to share the recruitment fees for a successful placement. This agreement enables a cooperative and mutually beneficial relationship between recruiters, fostering collaboration to identify the most suitable candidates for their clients. Keywords: Kansas, recruiting, split fee, agreement, terms and conditions, agencies, professionals, recruitment fees, successful placement, cooperative, mutually beneficial, relationship, collaboration, suitable candidates. Types of Kansas Recruiting Split Fee Agreements: 1. Traditional Split Fee Agreement: This is the most common type of agreement where two recruiting agencies split the placement fee equally or based on a pre-defined percentage. Both parties share the responsibility of sourcing and screening candidates until a successful placement is made. 2. Exclusive Split Fee Agreement: In this type of agreement, one recruiting agency takes the lead in sourcing and screening candidates, while the other agency assists in the process. The placement fee is divided accordingly, considering the level of involvement of each agency. 3. Contingent Split Fee Agreement: This agreement is only valid if the candidate is successfully placed within a specified time frame, typically within a certain number of days after the initial introduction. If no placement occurs within the agreed period, the agreement becomes null and void, and no fee is split. 4. Retainer-based Split Fee Agreement: Under this agreement, one recruiting agency pays a predetermined retainer fee to secure the exclusive rights to present candidates for a specific job opening. If the candidate is successfully placed, the fee is split between the recruiting agency with the retained rights and the one that facilitated the placement. 5. Sector-specific Split Fee Agreement: This type of agreement focuses on a specific industry or sector. The collaborating agencies leverage their expertise in that particular field to enhance the chances of placing the most suitable candidates and share the recruitment fees accordingly. 6. Geographically Limited Split Fee Agreement: In this agreement, recruiting agencies limit their collaboration to a specific geographic region. This ensures a focused approach to the candidate selection process within a designated area, allowing the agencies to divide the fee based on their respective contributions. Note: The types mentioned above are not exhaustive, and variations of these agreements may exist depending on the preferences and needs of the parties involved in the Kansas Recruiting Split Fee Agreement.
