Document background
The Placement Fee Agreement is a critical document used in the Indian business environment to formalize the relationship between recruitment agencies and companies seeking talent acquisition services. This agreement becomes necessary when a company engages a professional recruitment agency to source, screen, and present candidates for employment opportunities. The document comprehensively covers fee structures, payment terms, guarantee periods, and service expectations, while ensuring compliance with Indian contract law, employment regulations, and tax requirements. It protects both parties' interests by clearly defining responsibilities, establishing performance metrics, and outlining dispute resolution procedures. The agreement is particularly important in India's dynamic job market, where professional recruitment services play a vital role in connecting employers with qualified talent.
