The River Partnership Executive Search Ltd
Terms of Business for the introduction of permanent, fixed term contract and temporary staff
1. Definitions
1.1 In these Terms the following definitions apply:
“Agency Workers Regulations” means the Agency Workers Regulations 2010 and any other legislation implementing Directive 2008/104/EC on temporary agency work;
“Applicable Laws” means all laws and regulations which are applicable to either Party or the Client, or the provision of the Services, including, without limitation, the Conduct Regulations, the Agency Workers Regulations, the Equality Act 2010, the Data Protection Act 1998, Employment Law and any regulations imposed by a Regulator;
“Company” The River Partnership Executive Search [Limited] (registered company no 06654478) whose registered office is 53-64 Chancery Lane, London, WC2A 1QS, and trading address is 53-64 Chancery Lane, London, WC2A 1QS;
“Client” Any company, organisation, person or corporate body to whom a Candidate is introduced by the Company;
“Candidate” Any person introduced by the Company to the Client who is seeking an engagement, whether temporary or permanent, including any officer, employee or other representative of the Candidate if the Candidate is a corporate body;
“Temporary Worker” Any temporary worker introduced to the Client by the Company;
“Company’s Fees” Fees payable to the Company by the client in accordance with these Terms and Conditions;
“Cancellation Fee” Means the fee payable by the Client to the Company when a client withdraws an offer of engagement to the Candidate or withdraws Engagement on a retained project;
“Engagement” “Engagement” which term shall include employment or use whether under a contract of service or a contract for services and whether on a temporary or permanent basis;
“Finder’s Fee” Means the fee payable if, as a result of an Introduction of an Applicant to the Client by the Company, the Candidate and the Client subsequently enter into a business relationship other than an Engagement;
“Introduced or Introduction” Means (i) the passing to the Client of a curriculum vitae or information which identifies the Candidate or (ii) the Client’s interview of a Candidate, (whether in person, by telephone, by email or any other means, directly or indirectly via another Candidate or Client), following the Client’s instruction to the Company to search for a Candidate; and, in either case, which leads to an Engagement of the Candidate; and “Introduces” and “Introduced” shall be construed accordingly;
“Introduction Fee” Means the fee payable by the Client to the Company for an Introduction resulting in an Engagement;
“Interim Assignment” means the assignment during which a Temporary Worker provides work or services to, or performs work or services for the Client;
“Limited Company Contractor” means a Temporary Worker engaged through a limited company, such limited company being engaged on a contract with the Company to provide services to the Client on a temporary basis by way of an Assignment. In this Agreement, references to contracting with or payment to a Limited Company Contractor shall be to their limited company as applicable;
“PAYE Worker” means a ‘pay as you earn’ Temporary Worker engaged by the Client on a contract for services and paid on a ‘pay as you earn’ basis;
“Placement” means, the direct engagement of a Candidate by the Client following an Introduction, whether on a permanent basis or fixed term basis;
“Remuneration” Includes the gross base annual salary or fees; including guaranteed and/or anticipated bonuses and commission earnings and all other payments and taxable (and, where applicable, non-taxable) emoluments payable to or receivable by the Candidate for services rendered to or on behalf of the Client or any third party. Where the Client provides a company car or car allowance, a notional amount of £5,000 will be added to the salary in order to calculate the Company’s fee. No other joining inducements, profit share, overseas premiums, travel allowances and living accommodation allowances will be included unless specifically agreed in writing;
“Retained Assignment” The exclusive engagement of the Company to carry out a Search campaign;
“Replacement Candidate” Means any Candidate Introduced by the Company to the Client to fill the Engagement following the Introduction of another Candidate whose Engagement either did not commence or was terminated during the first 12 weeks of Engagement;
“Search” The Company carries out a direct headhunting campaign to source Candidate(s) for specific role(s);
“Terms and Conditions” These terms and conditions of business;
“Variation of Terms” An agreed differentiation in terms that departs from the standard terms set out in these Terms and Conditions. A Variation of Terms will usually be confirmed in letter form.
1.2 Unless the context requires otherwise, references to the singular include the plural and the masculine includes the feminine and vice versa.
1.3 The headings contained in these Terms are for convenience only and do not affect their interpretation.
2. The Contract
2.1 These terms of business and the attached Schedule(s) (“the Terms”) constitute the Agreement between the Company and the Client for the supply of permanent or temporary staff (to be engaged directly by the Client) and are deemed to be accepted by the Client by virtue of any information about a Candidate to any third party following an introduction.
2.2 These Terms contain the entire agreement between the parties and unless otherwise agreed in writing in the form of a Letter of Variation of Terms or other, by a Director or Partner of the Company, these Terms prevail over any other terms of business or purchase conditions (or similar) put forward by the Client.
2.3 The Company acts as an employment Company (as defined in Section 13(2) of the Employment Agencies Act 1973) when introducing Candidates to the Client for direct Engagement by that Client.
2.4 Where a potential Candidate is introduced by the Company to a Client who offers interview(s) and/or terms of engagement to the Candidate, the Client shall become liable to pay the Company’s Introduction Fees in accordance with clause 3.3. herein, notwithstanding the possibility that the candidate might simultaneously be introduced by the same Client by other agencies or identified by the Client in any other way.
2.5 Should there be any contestation of Company ownership for the Candidate, the Company may provide a Confirmation of Representation signed by the Candidate expressing their wishes to be represented by the Company and this document will be used as the predominant basis for making the decision on Company ownership.
2.6 Any Candidate submitted by the Company to a Client for a particular vacancy shall be represented by the Company to that Client for a period of 12 calendar months from the date of submittal. Should the Client Engage the Candidate for this role, or any other during this period, the Company’s fees will be payable in full. The Company’s fees for permanent, fixed term contract and temporary recruitment are outlined in clause 3.
3. Notification and Fees
3.1 The Client agrees to;
3.1.1 notify the Company immediately of the terms of any offer of an Engagement which it wishes to make to the Candidate or any offer that has been made and to provide the Company with full details of terms of Engagement, including salary and bonus and/or other benefits agreed.
3.1.2 pay the Introduction Fee, to be calculated in accordance with the provisions of this clause 3, by the due date for payment in clause 3.9.
3.2 The Introduction Fee calculated in accordance with clause 3.3 below is payable if the Client Engages the Candidate within a period of 12 calendar months from the date of (a) the Introduction, (b) the client’s withdrawal of an offer of Engagement or (c) the Candidate’s rejection of an offer of Engagement, (whichever is the later).
3.3 The Introduction Fee is the amount equal to 33% of the Remuneration applicable during the first 12 months of the Engagement.
3.4 Where the actual Remuneration is not known, the Company will charge a Fee of £100,000, or the Company will charge an Introduction Fee calculated in accordance with clause 3.3 based on its determination of the Remuneration, taking into account the market rate level of remuneration applicable for the position in which the Candidate has been Engaged and with regard to any information supplied to the Company by the Client and/or comparable positions in the market general. (Whichever is greater).
3.5 Retained Searches;
3.5.1 Where the Company carries out a Retained Search the fees will be payable in three equal instalments, as listed below;
- Retainer Fee: 1/3 payable on acceptance of the Retained Assignment by the client
- Shortlist Fee: 1/3 payable on presentation of a suitable Shortlist of applicants
- Completion Fee: 1/3 payable on signed acceptance of the Offer of Engagement by the Candidate
3.5.2 The Retainer and Shortlist fees are non-refundable.
3.5.3 Reasonable expenses incurred by the Company whilst identifying and interviewing candidates shall be covered by the Client, such as coffees in hotel lobbies. These will be added to the balancing invoice which will be submitted to the Client when the Candidate formally accepts an offer with the Client to commence employment.
3.6 Fixed-Term Contract Recruitment;
3.6.1 Where prior to the commencement of the Engagement the Company and the Client agree that the Engagement will be on the basis of a fixed term of less than 12 months, the fee below will apply pro rata and will apply as listed below;
- Up to 6 months: 33% of Remuneration
- 6-9 months: 30% of Remuneration
- 9 months +: 27.5% of Remuneration
3.6.2 All fees are expressed as a percentage of the first year’s gross annual remuneration package, including guaranteed and/or anticipated bonuses and commission earnings and all other payments and taxable (and, where applicable, non-taxable) emoluments payable to or receivable by the Candidate for services rendered to or on behalf of the Client or any third party. Where the Client provides a company car or car allowance, a notional amount of £5,000 will be added to the salary in order to calculate the Company’s fee.
3.6.3 The fees will become payable upon signed acceptance of the Offer of Engagement by the Candidate.
3.6.4 If the Client (a) extends the Engagement beyond the initial fixed term or (b) re-Engages the Candidate within 6 calendar months from the date of termination of the agreed period of the fixed term Engagement, then the Client shall be liable to pay a further Introduction Fee based on the additional Remuneration applicable for (a) the extended period of Engagement or (b) the period of the second and any subsequent Engagement, subject to the Client not being liable to pay a greater sum in Introduction Fees than the Client would have been liable for under clause 3.3. had the Candidate first been Engaged for 12 months or more.
3.7 Interim Assignment Recruitment;
3.7.1 Interim Assignment Fees shall be inclusive of; (i) the Contractor’s rate which shall include any applicable taxes, national insurance contributions, other statutory payments or benefits; and (ii) our margin calculated on the Contractor’s rate.
3.7.2 The Company’s margin on Interim Assignment’s is 25% of hourly/day rate.
3.7.3 The fees are invoiceable upon receipt by the Company of an approved timesheet and are non-refundable.
3.7.4 Should an Interim Assignment become permanent, an Introduction Fee shall apply in line with the above stated Introduction Fee rate.
3.7.5 The Company shall pay each Temporary Worker (which, in the case of Limited Company Contractors, shall be payment to their limited company) for the approved timesheets submitted and approved by the Client, including the payment of any Worker Pay and any other payments and disbursements to which the Temporary Worker is properly entitled, including but not limited to statutory maternity pay, statutory sick pay and holiday pay after the deduction of any/all applicable taxes or statutory contributions (including National Insurance) required by law.
3.7.6 The Company shall, in respect of PAYE Workers (as opposed to Limited Company Contractors):
3.7.6.1 make deductions and account to the Tax Authority for PAYE income tax and any other tax due in respect of the remuneration of each Temporary Worker; and
3.7.6.2 make deductions and account for all necessary National Insurance contributions and/or social security charges or similar statutory payments relevant to the remuneration of each Temporary Worker.
3.8 The Client’s obligations under this clause 3 shall be performed without any right of the Client to invoke set-off, deductions, withholdings or other similar rights.
3.9 The Introduction Fee shall be payable within 28 days of the date of the Company’s invoice which shall be rendered once the Candidate commences the Engagement.
3.10 VAT is charged at the standard rate on all fees.
3.11 The Company reserves the right to charge interest on invoiced amounts unpaid for more than 14 days from the due date at the rate of 8% per annum above the base rate, from time to time of the HSBC Bank, from the due date until the date of payment.
3.12 If any employee of the Company is Engaged by the Client on any basis whatsoever then the Client will be liable to the Company for twice the Company’s fees.
3.13 Cancellation Fee;
3.13.1 If, after an offer of Engagement has been made to the Candidate, the Client decides for any reason to withdraw it prior to the Candidate accepting the Engagement, the Client shall be liable to pay the Company a Cancellation Fee. The fee is calculated at 33% of the Remuneration.
3.13.2 Where the Company has been retained and the Client decides for any reason to cancel or postpone the vacancy, and if the Company by that time has already spent time in relation to the search, the Client shall pay the Company a cancellation fee calculated at 33% of the Remuneration to compensate for the search work performed.
3.13.3 This payment becomes immediately due upon the withdrawal or cancellation of the assignment.
3.14 Finder’s Fee;
If, as a result of an Introduction of a Candidate to the Client by the Company, the Candidate and the Client enter into a business relationship other than an Engagement, the Client shall be liable to pay the Company a Finder’s Fee equivalent to a percentage of the monetary consideration passing between the Client and the Candidate during the first 12 calendar months of their business relationship, plus VAT at the prevailing rate, if applicable. The Finder’s Fee will be calculated as follows:
| Amount of Consideration: | Fee: |
|---|---|
| That portion up to £5,000,000 | 2.5% |
| That portion between £5,00,001 and £10,000,000 inclusive | 2.0% |
| That portion over £10,000,000 | 1.5% |
4. Refunds
4.1 If, after an offer has been made and accepted, the Engagement (a) does not commence because the Candidate withdraws their acceptance; or (b) once it has commenced, is terminated by either the Candidate or the Client (except in circumstances where the Candidate is made redundant) before the expiry of 8 weeks from the date of commencement of the Engagement; then subject to the terms of clause 4.2 the Company will refund the Introduction Fee in accordance with the following Scale of Refunds:
| Week from commencement of employment: | % Company Fee Refund: |
|---|---|
| 1 – 2 | 80% |
| 3 – 4 | 60% |
| 5 – 6 | 40% |
| 7 – 8 | 20% |
| 8 + | 0% |
4.2 In order to qualify for the refund set out in clause 4.1, then the Client must comply with the provisions of clause 3.1. and;
4.2.1 must notify the Company in writing of the termination of the Engagement or the non-commencement of the Engagement within 7 days of its termination or non-commencement, and;
4.2.2 the Company’s Fee has been paid in full by the Client within 28 days following the Company’s invoice, as described in clause 3.8, and;
4.2.3 the Client has provided satisfactory evidence to the Company of the reason for the termination of the engagement, and;
4.2.4 the parameters of the position into which the Candidate has been engaged are not altered from those given either verbally or in writing at any stage throughout the Introduction, and;
4.2.5 the Engagement has not been terminated due to redundancy (voluntary or involuntary) or redeployment.
4.3 In circumstances where clause 3.6. applies, the full Introduction Fee is payable and there shall be no entitlement to a refund.
4.4 If subsequent to the Client receiving a refund the Candidate is re-Engaged within a period of 6 calendar months from the date of termination of the Engagement or within 12 calendar months from the date of initial submittal (whichever is the longer period) then the refund shall be repaid to the Company. The Client shall not be entitled to any further refunds in relation to the re-Engagement of this Candidate.
5. Introductions to Third Parties
5.1 Introductions of Candidates are confidential. If a Client discloses a Candidate’s details to a third party, that will be deemed to be a “Third Party Introduction”. If that Third Party Introduction results in an Engagement of the Candidate by the third party within 12 calendar months of the Company’s introduction of the Candidate to the Client, then the Client will be liable to the Company for the payment of an Introduction Fee in accordance with clause 3. Neither the Client nor the third party shall be entitled to a refund of the Introduction fee under clause 4 in any circumstances.
6. Interim Assignments
6.1 The Company shall seek to ensure that the Temporary Worker is suitably skilled to deliver the Interim Assignment Services with reasonable skill and care and in this regard has made reasonable enquiries of the Candidate concerning suitability and technical competence. The Company does not test the Contractor’s technical skills and it is for the Client to satisfy itself as to the Contractor’s overall capacity to fulfil the Assignment when interviewing the Contractor and/or during the first week of the Assignment. The Company will accept no responsibility for information relating to the Contractor. The Contractor should be treated as having opted out of the Conduct Regulations unless the Client is notified otherwise.
6.2 Nothing in the Agreement shall serve to create any employer/employee relationship or principal/agent relationship between the Client and the Company; or the Contractor, the Candidate(s) and the Client.
6.3 Prior to the commencement of an Interim Assignment the Company will send the Client a Schedule of Work confirming the following information:
- the identity of the Contractor and it’s representative supplied by the Company to carry out the Assignment;
- the length of the contract (start/end date);
- the Fees applicable;
- any agreed expenses;
- the Scope of the Services to be provided by the Contractor; and
- the length of notice that the Client would be entitled to give and receive to terminate the Interim Assignment;
6.4 At the end of each week of the Assignment, as outlined in an Interim Assignment Schedule of Work the Client shall verify the execution of the Interim Assignment Services by approval of a timesheet.
6.5 Such verification shall constitute acceptance by the Client that the Interim Assignment Services have been provided satisfactorily and in accordance with this Agreement. Failure to sign a timesheet or Service Confirmation does not affect the Client’s obligation to pay the Fees in respect of time worked.
6.6 The Company will require the Contractor to warrant under Contract that appropriate taxes and social costs will be paid in respect of an Assignment. However, the Company takes no legal liability for the performance by the Contractor of its legal obligations.
6.7 The Client acknowledges that the Company does not supervise, direct or control the Contractor’s work activities on the Client’s site and it is for the Client to oversee the quality of the Contractor’s services, its satisfactory performance and to secure a safe, appropriate working environment. The Client must take steps to ensure that the Candidate is treated as an independent contractor and should not be given employee style instructions or privileges or be treated as under the Client’s supervision, direction and/ or control.
6.8 Should the AWR apply to an Interim Assignment, then if the Candidate is unable to complete an Assignment on health and safety grounds by reason of the Candidate’s pregnancy the Client will pay the Company the full Fees due to the Company in respect of the remainder of the Assignment unless and to the extent that the Company offers the Candidate suitable alternative work in accordance with the AWR, if applicable.
6.9 Should the AWR apply to an Interim Assignment, then the Client will comply with its obligations under Regulations 12 and 13, providing such accurate, current, information as the Company requires to comply with the AWR and/or to deal with any claim brought under it and notify the Company in writing of any claim under the AWR which comes to its notice as soon as possible.
7. Confidentiality and Data Protection
7.1 All information relating to a Candidate is confidential and subject to either the UK General Data Protection Regulations (UK GDPR) and the Data Protection Act 2008 or the EU General Data Protection Regulations (EU GDPR) dependant on territory of the candidate data and is provided solely for the purpose of providing work-finding services to the Client. Such information must not be used for any other purpose nor divulged in receiving and processing the data at all times. In addition, information relating to the Company’s business which is capable of being confidential must be kept confidential and not divulged to any third party, except information which is in the public domain.
7.2 The Client shall, in relation to any personal data processed in connection with the services provided by the Company;
7.2.1 Ensure that all personnel who have access to and/or process personal data supplied by the Company are legally obliged to keep the personal data confidential and secure;
7.2.2 Ensure that it has in place industry leading security of the personal data and has implemented industry leading technical and organisational measures to ensure a level of security appropriate to the risk of harm that might result from unauthorised or unlawful access, processing, loss, destruction, alteration or unauthorised disclosure of personal data, taking into account encrypting the personal data to ensure confidentiality, integrity, availability and resilience;
7.2.3 Not without the data subjects prior consent, transfer any Personal Data outside of the European Economic Area or to any other territory in which the UK Government has decided that the third country ensures an adequate level of protection;
7.2.4 Notify the Company without undue delay on becoming aware of a personal data breach which involves personal data of the Company and its Candidates, which shall include without limitation, if any personal data is lost, stolen, destroyed, damaged or corrupted or where there is an unauthorised or accidental disclosure;
7.2.5 Notify the Company immediately if it receives any complaint, notice or communication that relates to the processing of the personal data (including without limitation, any data subject requests) and/or to either party’s compliance with the Data Protection Legislation;
7.2.6 Be able to demonstrate that any third-party processors being used have had the appropriate levels of screening completed to show compliance with the Data Protection Legislation;
7.2.7 Maintain complete and accurate records to demonstrate its compliance with this clause and any other information necessary to demonstrate compliance with its obligations under the Data Protection Legislation;
7.2.8 At the written direction of the Company, and automatically on the termination of the Terms, delete or return personal data and copies thereof to the Company unless required by applicable law to continue to store the Personal Data;
8. Complaints and Amicable Dispute Resolution
8.1 Should the Client have any complaint about the services, as soon as practically possible the Client shall inform the Company of the nature of the grievance initially orally, but always followed by and confirmed in writing. The Company will investigate the complaint and respond to the Client within 5 working days with details of any recommended remedial action. Upon agreement between the Company and the Client of any remedial action, the Company will enforce such remedial action within 48 hours and will continue to monitor the corrective program for such period as the Company deems appropriate in all the circumstances.
8.2 The parties shall attempt to resolve any dispute arising out of or relating to this contract through negotiations between senior executives of the parties, who have authority to settle the same.
8.3 If the matter is not resolved by negotiation within 30 days of receipt of a written ‘invitation to negotiate’, the parties will attempt to resolve the dispute in good faith through an agreed Alternative Dispute Resolution (ADR) procedure, or in default of agreement, through an ADR procedure as recommended to the parties by the President or the Deputy President, for the time being, of the Chartered Institute of Arbitrators.
8.4 If the matter has not been resolved by an ADR procedure within 60 days of the initiation of that procedure, or if any party will not participate in an ADR procedure, the dispute may be referred to arbitration by any party. The seat of the arbitration shall be England and Wales. The arbitration shall be governed by both the Arbitration Act 1996 and Rules as agreed between the parties. Should the parties be unable to agree on an arbitrator or arbitrators, or be unable to agree on the Rules for Arbitration, any party may, upon giving written notice to other parties, apply to the President or the Deputy President, for the time being, of the Chartered Institute of Arbitrators for the appointment of an Arbitrator or Arbitrators and for any decision on rules that may be necessary.
8.5 Nothing in this clause shall be construed as prohibiting a party or its affiliate from applying to a court for interim injunctive relief.
9. Liability
9.1 The Company shall not be liable to the Client or deemed to be in breach of this agreement by reason of delay in performing or any failure to perform any of the Company’s obligations in relation to the Services if the delay or failure was due to any cause beyond the Company’s reasonable control. The following shall be regarded as causes beyond the Company’s reasonable control; any Act of God, explosion, flood, tempest, fire or accident, war or threat of war, sabotage, terrorism, insurrection, civil disturbance or requisition, strikes, lockouts or other industrial action or trade union dispute, power failure or breakdown in machinery.
9.2 The Company shall not be liable under any circumstances for any loss, expense, damage, delay, costs or compensation (whether direct, indirect or consequential) which may be suffered or incurred by the Client arising from or in any way connected with the Company seeking a Candidate for the Client or from the Introduction to or Engagement of any Candidate by the Client or from the Failure of the Company to introduce any Candidate. For the avoidance of doubt, the Company does not exclude liability for death or personal injury arising from its own negligence or for any other loss which it is not permitted to exclude under law.
9.3 The Client is responsible for taking up references concerning a Candidate’s skills, qualifications and general integrity, obtaining work permits and satisfying any medical requirements or qualifications as are required by law or otherwise.
10. Severability
10.1 If any of the provisions of these Terms shall be determined by any competent authority to be unenforceable to any extent, such provision shall, to that extent, be severed from the remaining terms, which shall continue to be valid to the fullest extent permitted by the applicable laws.
11. Governing Law and Jurisdiction
11.1 These Terms are governed by the law of England & Wales and are subject to the exclusive jurisdiction of the Courts of England and Wales.
12. Notice and Signatory
12.1 Any notice given under these Conditions may be given with one calendar months’ notice and delivered by either fax, post or emailed and shall have the same force and validity whichever notification method is used.
12.2 The signatory of this agreement for each party hereby warrants that they have actual or ostensible authority to enter into this agreement on behalf of the Client or Company as the case may be.
Schedule 1: Fee Structure and Scale of Refund
The River Partnership can provide Introductions to the Client by a number of different methods, namely:
- (a) Contingent Search
- (b) Executive Search/Head Hunting Assignment
- (c) Interim Assignment
- (d) Indirect Introductions
A Contingent Introduction means an Introduction of an Applicant by The River Partnership to the Client where no prior specific instruction from the Client to find an Applicant has necessarily been given or any Introduction which does not fall into the other categories set out below.
An Introduction via a Head Hunting Assignment is an Introduction of an Applicant or Applicants following a written request for the Client for the Introduction of Applicants, where Applicants are identified within the marketplace, according to criteria for qualifications and experience identified by the Client and directly approached with details of the Client’s vacancy by The River Partnership.
An Introduction for an Interim Assignment means an Introduction of an Applicant by The River Partnership to the Client where there could have either been no prior specific instruction from the Client to find an Applicant or following a written request from the Client to introduce Applicants for a Temporary Assignment or Project.
An Indirect Introduction may take place where an Applicant who has been Introduced to the Client by The River Partnership is Introduced by the Client to a third party, who offers an Engagement to the said Applicant as referred to in clause 6.1 of the Terms of Business.
(A) Standard Introduction
1. Fee Structure: The fee payable to The River Partnership by the Client for a Standard Contingent Introduction resulting in an Engagement is an amount equal to 33% of the Applicant’s Remuneration. VAT will be charged on the fee if applicable.
2. Scale of Refund: Should an Engagement terminate before the expiry of 8 weeks from the commencement of the Engagement (except where the Applicant is made redundant, or resigns due to ill health, or is dismissed by reason of misconduct) The River Partnership’s fee will be refunded, subject to the provisions of clause 4 of the Terms of Business, in accordance with the scale set out below, within 30 days of notification of the termination of the Engagement:
| Length of engagement (including notice period worked) | Fee to be refunded |
|---|---|
| Engagement terminating within the first 2 weeks after commencement | 80% rebate of fee |
| Engagement terminating after the first 2 weeks but before the end of 4 weeks after commencement | 60% rebate of fee |
| Engagement terminating after the first 4 weeks but before the end of 6 weeks after commencement | 40% rebate of fee |
| Engagement terminating after the first 6 weeks but before the end of 8 weeks after commencement | 20% rebate of fee |
| Engagement terminating after 8 weeks from commencement | No refund or credit |
(B) Introduction by Executive Search
Terms and conditions to be negotiated by The River Partnership and the Client at such time as an Executive Search is required.
(C) Interim Assignments
Refunds are not applicable for Interim Assignments. An authorised Timesheet by the Client for a Temporary Worker acts as authorisation for the Company to release payment to the Temporary Worker for the time worked on the Timesheet and also authorisation to invoice for the Company’s margin for this time.
(D) Indirect Introductions
The fees structure and scale of refund for Indirect Introductions shall be the same as for a Standard Introduction, set out in section (A) above.
General Provisions Applicable to All Types of Introduction Process
Save where specified to the contrary above, where a Remuneration figure is not provided by the Client or is otherwise not ascertainable by The River Partnership, The River Partnership shall base it’s fee on a Remuneration figure which is equivalent to the last known total gross remuneration package which was paid to the Applicant (including salary and the value of all taxable benefits and emoluments) plus a 20% uplift thereon
+44 (0) 20 3096 8888
www.riverpartnership.com
Company Number: 6654478
The River Partnership Executive Search, 53-64 Chancery Lane, London, WC2A 1QS