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The Placement Agency Agreement is essential for businesses operating in Hong Kong that engage professional recruitment services. This document establishes the formal relationship between placement agencies and their client companies, ensuring compliance with Hong Kong's Employment Agency Regulations and related laws. It is typically used when a company needs ongoing recruitment support or plans to engage a recruitment agency for multiple positions. The agreement covers crucial aspects such as service scope, fee structures, confidentiality obligations, and data protection requirements. It also addresses specific Hong Kong regulatory requirements, including agency licensing and permitted fee structures. This document is particularly important given Hong Kong's dynamic job market and the need for clear terms in professional recruitment relationships.

1. Parties: Identification of the placement agency and the client company, including full legal names and registered addresses

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement, including 'Candidates', 'Placement Services', 'Success Fee', etc.

4. Scope of Services: Detailed description of recruitment and placement services to be provided by the agency

5. Agency Obligations: Key responsibilities of the placement agency, including screening processes, candidate sourcing, and compliance with regulations

6. Client Obligations: Client's responsibilities, including providing accurate job descriptions, timely feedback, and cooperation

7. Fees and Payment Terms: Fee structure, payment schedule, and conditions for fee payment

8. Confidentiality: Obligations regarding confidential information and data protection requirements

9. Non-Solicitation: Restrictions on hiring agency staff or direct hiring of candidates

10. Term and Termination: Duration of the agreement and circumstances for termination

11. Warranties and Representations: Guarantees provided by both parties regarding their capacity and authority

12. Limitation of Liability: Limits on the agency's liability for candidate performance or other issues

13. Governing Law and Jurisdiction: Specification of Hong Kong law and jurisdiction

14. General Provisions: Standard boilerplate clauses including notices, entire agreement, and amendments