Hello,
Let's go through the process of creating a revenue-sharing agreement between two recruitment consultancies. Here are the steps you can follow:
1. 🔗
Identify the Parties: Clearly specify who the agreement is between. Include the legal names of the two consultancies and their respective addresses.
2. 🚸
Purpose of Agreement: Define the purpose of your partnership. Specify the roles and responsibilities of each party.
3. 🆑
Revenue Sharing Details: Clearly lay out how revenue will be divided between the two consultancies. It could be a fixed percentage, a flat fee, or a variable rate depending on certain conditions. Also, specify when and how payments will be made.
4. 🗁
Confidentiality Clause: Include a clause to ensure both consultancies keep all shared information confidential.
5. 🚱
Termination Clause: Specify the conditions under which the agreement can be terminated by either party.
6. 🚸
Dispute Resolution: Mention the methods to be used for resolving any disputes, such as mediation or arbitration. Also, specify the jurisdiction that will apply in case of legal disputes.
7. 🎋
Signatures: Lastly, both parties need to sign and date the agreement to make it legally binding.
Please ensure that you have the agreement reviewed by a legal professional to ensure compliance with all relevant laws and regulations in your jurisdiction.
Also, since you're based in India, you need to be aware of the Indian Contract Act, 1872, which governs all agreements and contracts. It's always a good idea to get your agreement vetted by a lawyer well-versed in Indian contract law.
Remember to maintain open and honest communication with your partner consultancy throughout this process. This will help ensure a strong and fruitful relationship.
And a very Happy Diwali to you too! 🪁🪡