Common use of Introduction Fee Clause in Contracts

Introduction Fee. 4.2.1 Where Acolyte is the effective cause of an Engagement or Introduction, the Client will pay an Introduction Fee to Acolyte in respect of each Candidate who is Engaged within the Introduction Period, irrespective of whether the Candidate is Engaged in the position for which the Candidate was originally Introduced. 4.2.2 The Introduction Fee payable to Acolyte by the Client in respect of an Engagement shall be an amount equivalent a percentage of the Remuneration, rounded to the nearest pound and calculated in accordance with the Fee Scale. 4.2.3 If the precise Remuneration is not known, if the Client fails to provide details of the Remuneration to Acolyte or if it is impracticable to calculate the Remuneration, Acolyte will charge an Introduction Fee based on the Remuneration which, in Acolyte’s reasonable opinion, is the typical market rate for the Engagement. 4.2.4 Acolyte shall issue an invoice for the Introduction Fee at the point of Engagement or as soon as reasonably practicable thereafter. VAT shall be charged at the standard rate on Acolyte’s invoices.