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The Placement Services Agreement is a crucial document used when a company in India seeks to engage a professional recruitment agency for their hiring needs. This agreement establishes the legal and operational framework for the recruitment relationship, ensuring compliance with Indian employment laws and regulations. It is particularly important in today's competitive job market where companies need specialized expertise in talent acquisition. The agreement covers essential aspects such as service scope, fee structures, candidate replacement guarantees, confidentiality, and data protection, while adhering to requirements under the Indian Contract Act, Employment Exchanges Act, and relevant state-specific legislation. It's designed to protect both parties' interests while facilitating efficient recruitment processes.

1. Parties: Identification of the service provider (placement agency) and the client company, including their registered addresses and company details

2. Background: Context of the agreement, brief description of the parties' businesses, and purpose of engaging placement services

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

4. Scope of Services: Detailed description of recruitment and placement services to be provided, including type of positions, geographical coverage, and industry focus

5. Service Provider's Obligations: Key responsibilities of the placement agency, including candidate sourcing, screening, and presentation processes

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

7. Fee Structure: Detailed breakdown of placement fees, payment terms, and conditions for fee applicability

8. Payment Terms: Timeline for payments, invoicing process, and handling of disputed invoices

9. Replacement Guarantee: Terms of candidate replacement if placed candidate leaves within specified period

10. Confidentiality: Protection of confidential information exchanged during the recruitment process

11. Data Protection: Compliance with data protection laws and handling of candidate personal information

12. Term and Termination: Duration of agreement and conditions for termination

13. Dispute Resolution: Process for resolving disputes, including jurisdiction and governing law

14. General Provisions: Standard contractual provisions including notices, amendments, and entire agreement clause