*Sample agreement only.  Please customize to your own needs. Users of this agreement agree that to use any form of this agreement is at their own risk and agree to hold [COMPANY] harmless of any resulting occurrences stemming from the use of this document.  If not in agreement with this provision, please do not use any form of this sample agreement.*

SPLIT-FEE AGREEMENT

This Split Fee Agreement, here in called the “Agreement”, is by and between (first party) __________________________________________, a Recruitment agency located in _________________________________ and (Second Party) ___________________________________, a Recruitment agency located in _________________________________. This Agreement is for the purpose of jointly recruiting and placing candidates for both parties. This Agreement will commence as of the later of the signatures and dates entered below, and will continue in full force and effect until or unless terminated by either party providing written notice of termination to the other. In the event of such notice, this Agreement shall remain in effect with regard to any candidates that have been referred from one party to the other. This Agreement may only be amended by documents signed by both parties. Through this Agreement, the firm with the job order is referred to as the “PLACEMENT FIRM,” and the firm supplying the candidate is referred to as the “CANDIDATE FIRM.”

IN CONSIDERATION of the mutual covenants contained herein, both parties do hereby agree to the following:

1. The PLACEMENT FIRM owns the relationship with the Client, and therefore (unless otherwise agreed by the parties as to any particular job order) will solely and directly interact with Client in developing, clarifying and communicating the job requisition; including defining and prioritizing must have skills, experiences and attributes.

2. The PLACEMENT FIRM will consult with Client, including planning and coordination, scheduling meetings, and maintaining communications regarding any significant activity regarding candidates.

3. Exact fees and guarantee agreements with a client/employer will be fully disclosed by the PLACEMENT FIRM and agreed to by the CANDIDATE FIRM prior to any candidate referrals. Placement fees will be billed in accordance with this agreement.

4. Placement fees received by a PLACEMENT FIRM will be shared on a 50/50 basis, with 50% of the fee distributed to each firm, unless otherwise agreed by the parties in writing as to any particular job order.

5. Upon the closing of a placement, the PLACEMENT FIRM will invoice the employer/client, and, upon request of the CANDIDATE FIRM, shall furnish the CANDIDATE FIRM with a copy of the invoice. The portion of the fee owed to the CANDIDATE FIRM will be disbursed immediately upon access to funds following deposit of payment from the employer/client. Upon request of the CANDIDATE FIRM, a copy of the employer/client’s check will accompany payment to the CANDIDATE FIRM.