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The Placement Fee Agreement is essential for businesses in Singapore engaging recruitment agencies for talent acquisition. This document establishes the commercial relationship between employment agencies licensed under Singapore's Employment Agencies Act and their client companies. It outlines placement fees, payment structures, and service obligations while ensuring compliance with Singapore's regulatory framework. The agreement is particularly important as it provides clarity on fee calculations, refund policies, and replacement guarantees, protecting both parties' interests in the recruitment process.

1. Parties: Identifies the employment agency and the client company, including full legal names and registered addresses

2. Background: Sets out the context: client seeking recruitment services and agency's capability to provide them

3. Definitions: Defines key terms used throughout the agreement, including 'Candidate', 'Placement', 'Introduction', 'Remuneration'

4. Services: Details the recruitment services to be provided by the agency

5. Fees and Payment Terms: Specifies placement fee structure, calculation method, payment timeline, and invoicing process

6. Obligations of the Agency: Lists the agency's responsibilities including compliance with Employment Agencies Act

7. Obligations of the Client: Details client's responsibilities including information provision and cooperation

8. Term and Termination: Duration of agreement and circumstances for termination