Terms and Conditions (One-Off)

This agreement is dated ...

PARTIES
(1)Wealth WingsLtd of 71-75 SHELTON STREET COVENT GARDEN,LONDON, WC2H 9JQ (Agency)
(2)... of ... (Client).

1.  Scope of Agreement
1.1.  This agreement(the 'Agreement') is entered into between (the 'Client') and (the 'Agency').
1.2.  This Agreement governs the potential one-off placement of a candidate introduced by the Agency to the Client.
1.3.  This Agreement is limited to a single placement and does not form part of any ongoing recruitment services, framework agreements, or subscription arrangements.

2.  Placement Fees
2.1.  The total fee for the placement of the candidate shall be 25% of the candidate's agreed gross annual base salary (excluding bonus, benefits, or other compensation).

3.  Invoicing and Payment Terms
3.1.  The Agency will issue an invoice upon confirmation of the candidate’s signing the contractor offer letter.
3.2.  Payment must be made in full to the Agency’s designated bank account within30 days of the candidate’s signing, without any deductions, counterclaims, or set-offs.
3.3.  In the event of late payment, the Agency reserves the right to charge interest at a rate of 4% per annum above the The Bank of England’s base rate. This will only apply if payment is not received within an additional 7 days of the original due date.

4.  Replacement Guarantee
4.1.  If candidate placed by the Agency resigns or is terminated for cause within1 – 12 weeks of the candidate’s start date, or does not start their employment, the Agency will provide a one-time replacement for that position at no additional cost, subject to the consent of the Client, such consent not to be unreasonably withheld.

4.2.
  The replacement guarantee does not apply if:
a)  The Client has materially changed the job description, location, or responsibilities for the position;
b)  The termination was caused by redundancy, economic changes, or the Client’s breach of employment terms;
4.3.  If a replacement candidate cannot be provided within 6 months, the Client will receive a refund calculated based on a scale, as outlined in Schedule 1.

5.  Candidate Ownership
5.1.  The Client acknowledges that candidates submitted by the Agency are the Agency’s proprietary candidates.
5.2.  If the Client hires a candidate referred by the Agency within 6 months of the candidate’s referral date, the Client agrees to pay the applicable placement fee.

6.  Liability
6.1.  The Agency shall not be liable for any direct, indirect, or consequential loss or damage resulting from the employment of a candidate.
6.2.  The Agency provides candidates based on the Client’s requirements and makes no guarantees as to a candidate’s performance, qualifications, or suitability.
6.3.  The Client is responsible for verifying candidate references, qualifications, and legal employment eligibility.

7.  Termination of Agreement
7.1.  Either party may terminate this Agreement by providing 14 days’ written(email being sufficient) notice.

8.  Governing Law
8.1.  This Agreement is governed by and shall be interpreted in accordance with the laws of England and Wales.
8.2.  Any disputes arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of England and Wales.

9.  Entire Agreement
9.1.  This Agreement constitutes the entire understanding between the parties and supersedes any prior discussions, agreements, or representations.
9.2.  Any modifications to this Agreement must be made in writing and signed by both parties.


This agreement was executed on the date specified at the commencement of this document.


Signed by
for and on behalf of Wealth Wings Ltd………………………………
Member
 
Signed by
for and on behalf of (NAME)………………………………..
Member

Schedule 1