Sample Retained Executive Search Agreement

A retained executive search agreement is a mutually beneficial contract between a company and an executive search firm. The agreement outlines the terms and conditions of the search, as well as the obligations of both parties, and serves as a blueprint for the entire recruitment process.

If you`re looking for a sample retained executive search agreement to help you draft your own, we`ve got you covered. Here are some key elements that should be included in your agreement:

1. Scope of services: This section should outline the services that the executive search firm will provide. The scope of services may include things like identifying and approaching potential candidates, conducting interviews and assessments, and providing recommendations to the company.

2. Fees: The agreement should clearly state the fees that the company will pay for the search services. This may include a retainer fee, as well as additional fees for expenses such as travel and candidate assessments.

3. Timeline: The agreement should outline the timeline for the recruitment process, including key milestones such as the submission of candidate profiles and the scheduling of interviews.

4. Confidentiality: It`s important to include a confidentiality clause in the agreement, which will protect the privacy of both the company and the candidates.

5. Termination: The agreement should include provisions for termination, including circumstances under which either party can terminate the agreement, and the consequences of termination.

6. Guarantees: Some executive search firms may offer guarantees, such as a guarantee that the candidate will remain employed for a certain period of time. If the firm offers any guarantees, these should be clearly spelled out in the agreement.

Overall, a well-crafted retained executive search agreement can help ensure that both the company and the search firm are on the same page throughout the recruitment process. By clearly outlining the scope of services, fees, timeline, and other important details, the agreement can help ensure a successful search and a seamless transition for the new executive.