Recruiting Fee Agreement Example Five
Client contact name
Client contact title
Client Company Name
Dear client contact name,
Finder Fee: Client company
name agrees to pay recruiting-executive search
firm a fee of thirty (30%) percent of the
applicant’s annual starting salary. This fee is
not associated with any bonuses, benefits or
stock that may be part of the applicant’s
Payment terms: Payment for placement of a applicant is due no later than thirty (30) days after the applicant’s first day of
employment. In case a applicant placed by recruiting-executive search firm is hired on a contract basis,
recruiting-executive search firm will charge a monthly fee of thirty (30%) of all monies paid to the applicant.
recruiting-executive search firm is entitled to interest at a rate of 18% per annum on any overdue balances,
with interest to accrue starting the applicant’s 31st day of employment. recruiting-executive search firm is further
entitled to reasonable attorney’s fees and costs incurred to collect any overdue balances.
The applicant’s first day of employment is included for purposes of calculating the due date for payment, accrual of interest,
and the period the guarantee expires.
Guarantee: recruiting-executive search firm will guarantee all applicants for the first ninety (90) days of employment
on a pro-rated basis. Should the applicant resign or be terminated within that the first thirty (30) days, with the exception
of Client company name downsizing or lay-off, recruiting-executive search firm will provide another qualified applicant to
Client company name at no additional cost. Should the applicant resign or be terminated between day thirty-one (31)
and day sixty (60) of employment, with the exception of Client company name downsizing or lay-off,
recruiting-executive search firm will refund 66.67% of the placement fee. Should the applicant resign or be
terminated between day sixty-one (61) and day ninety (90) of employment, with the exception of Client company name
downsizing or lay-off, recruiting-executive search firm will refund 33.33 % of the placement fee. This guarantee is
provided only if (a) recruiting-executive search firm receives written notice of resignation / termination within 5 business days
of resignation / termination date, and (b) finders fee was paid when due.
Representation: Client company name agrees to pay recruiting-executive search firm a finders fee for any applicant hired
within 180 days of presentation provided that the submittal by recruiting-executive search firm preceded that of any other source.
The form of submittal shall include applicant’s name or resume via fax, email, voice mail, or phone conversation.
If recruiting-executive search firm submits a applicant’s name or resume, and that person is already known to
Client company name, you must notify recruiting-executive search firm within forty-eight (48) hours of submittal that the
applicant is known to you: otherwise, a finders fee will be owed should a applicant by hired within 180 days of presentation.
Confidentiality: The identity and resume of each applicant referred by recruiting-executive search firm constitutes confidential
and proprietary information and may only be used by Client company name to evaluate a applicant, and may not be used for any
other purpose or provided to a 3rd party.
The terms of this agreement may only be modified with a writing signed by both parties. Please sign and return at your
recruiting-executive search firm president
Authorized Signature Client Company
Authorized Signature Staffing Firm
Executive search-staffing firm address