Inter Office Referral (IOR) & Member
FEE SHARING AGREEMENT
This Recruiter’s Fee Sharing Agreement (the
"Agreement") is entered into effective this _____ day of ____________, 200__
by and between "Recruiter A", whose name and address appears below, and
"Recruiter B", whose name and address appears below. Both recruiters are
members in good standing in US-Recruiters.com and operate their assignments
practicing the Code of Professional Ethics and Standards as outlined in the
membership agreement and application.
Recruiter A and Recruiter B mutually hereby
agree as follows:
1. UNDERSTANDING OF
RECRUITER. Recruiter A agrees to use his/her best efforts
in an attempt to find either: (a) a suitable CANDIDATE for a JOB ORDER
belonging to Recruiter B, or (b) to find a suitable JOB ORDER for
a CANDIDATE belonging to Recruiter B.. The specific JOB ORDER(s) or CANDIDATE(s)
will be submitted by subsequent faxes. Job Orders, will specify size of company,
location, Job Title, Job Description, an agreed-upon Contract Fee or Percentage
and any other pertinent information. The candidate's resume will disclose
contact information for the Recruiter with the Job Order in order o further
qualify and sell the opportunity to the candidate.
2. CONFIDENTIALITY. Recruiter
A and Recruiter B each agree to keep confidential all submissions of
JOB ORDERS, resumes or CV’s submitted by one to the other and not to
use, employ or refer to another CANDIDATE(S) or JOB ORDER(S) without payment
of referral fees as set forth in Paragraph 3., below.
3. SHARING OF FEE
PAYMENTS RECEIVED. In the event that Recruiter
A submits a CANDIDATE to Recruiter B and that CANDIDATE is hired as a result
of a JOB ORDER belonging to Recruiter B, then Recruiter A shall be entitled
to a referral fee payable by Recruiter B equal to fifty percent (50%) of
the amount received by Recruiter B from the total placement fee as evidenced
by a copy of the check received by Recruiter B, which shall accompany payment
of the referral fee. In the event that Recruiter B submits a CANDIDATE to
Recruiter A and that CANDIDATE is hired as a result of a JOB ORDER belonging
to Recruiter A, then Recruiter B shall be entitled to a fee payable by Recruiter
A equal to fifty percent (50%) of the amount received by Recruiter A from
the total placement fee as evidenced by a copy of the check received by Recruiter
A, which shall accompany payment of the referral fee. Payment of referral
fees under this Agreement are due and payable within thirty (30) business
days after receipt of payment is received from the employer who authorized
the JOB ORDER.
4. OTHER TERMS. Any amendment
of this Agreement shall be in writing. In the event that either Recruiter
fails to pay the other Recruiter referral fees owed under this Agreement,
the prevailing party in any legal action shall be entitled to recover-reasonable
attorney’s fee and court costs in addition to damages. Signatures received
by fax shall be deemed as fully valid as if they were original signatures.
Fees received on placements may be subject to certain conditions such as
completion of a minimum satisfactory work period by the Candidate before
the placement fee becomes final and payable as noted in the terms of the
Job Order faxed.
Agreed the date first above written in the County
of _______________________, State of ____________, by and between.
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Name of Company B
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Recipient's Fax:
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| Sender's
Signature: |
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Recipient's
Signature: |
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