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The Placement Agency Agreement is a crucial document used to formalize the relationship between professional recruitment agencies and organizations seeking to hire talent in Nigeria. This agreement is essential for businesses operating in the Nigerian market who wish to engage professional recruitment services while ensuring compliance with local labor laws, including the Labour Act and National Directorate of Employment Act. The document provides a structured framework for defining service scope, payment terms, and mutual obligations, while incorporating necessary provisions for data protection under NDPR 2019 and other relevant Nigerian regulations. It's particularly important for organizations without internal recruitment capabilities or those seeking specialized hiring expertise, offering protection for both the agency and client while establishing clear performance metrics and success criteria.

1. Parties: Identification of the Placement Agency and the Client Company, including full legal names, registration numbers, and registered addresses

2. Background: Context of the agreement, including the agency's authority to operate in Nigeria and the client's desire to engage recruitment services

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

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

5. Agency Obligations: Agency's responsibilities including candidate screening, compliance with labor laws, and maintaining necessary licenses

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

7. Fee Structure: Detailed breakdown of placement fees, payment terms, and conditions for refunds or replacements

8. Confidentiality: Provisions for handling confidential information of all parties, including candidate data

9. Data Protection: Compliance with Nigerian Data Protection Regulation and handling of personal information

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Liability and Indemnification: Limits of liability and indemnification obligations of both parties

12. Governing Law: Specification of Nigerian law as governing law and jurisdiction for disputes

13. General Provisions: Standard clauses including force majeure, notices, and amendment procedures