GroupMagellan Placement LLC
Contingent Fee Agreement
This Contingent Fee Agreement (this "Agreement") by and between
GroupMagellan Attorney Placement LLC, a Washington, DC limited liability company ("GroupMagellan"),
and _______________________ (the "Company") is hereby entered into and effective as
of __________.
Recitals
The following statements are true and correct:
GroupMagellan is engaged in the business of
identifying qualified attorneys for placement in a variety of legal and non-legal positions.
The company seeks to engage GroupMagellan pursuant to the terms of this Agreement.
Therefore, in consideration of the mutual promises, terms and covenants set forth herein and the
performance of each, it is hereby agreed as follows:
Agreements
1.Duties
At the Company's direction, GroupMagellan shall employ its resources
to identify and refer to the Company attorneys meeting the Company's
employment criteria.
2.Compensation
(a) When Earned. In consideration of its efforts hereunder,
GroupMagellan shall be entitled to certain fees ("Fees"). GroupMagellan
shall be entitled to Fees only if the Company engages the services
of a candidate that has been referred directly or indirectly to
the Company through the efforts of GroupMagellan (a "GroupMagellan
Candidate"). For the purposes of this Agreement, the Company shall
have "engaged the services" of an individual if that individual
is: (i) hired as an employee; (ii) retained as a consultant; (iii)
becomes a partner or member on the Company; or (iv) participates
in a joint venture or is otherwise involved in performing services
for which remuneration is paid by the Company or any of its affiliates
to that individual.
Notwithstanding anything to the contrary contained in this Agreement,
GroupMagellan shall not be entitled to Fees if the Company engages
the services of a GroupMagellan Candidate on or after the date
that is one (1) year from GroupMagellan's last communication with
such candidate
(b) Amount. Fees
for each GroupMagellan Candidate shall be twenty-five percent
(25%) of such GroupMagellan Candidate's gross annual salary as
of the date of the candidate's employment by the Company (excluding
any bonus compensation or stipends).
Fees for multiple GroupMagellan
Candidates (including individuals working together as a practice
group or firm) shall be negotiated on a case-by-case basis.
(c) When Due. Fees are
due upon the GroupMagellan Candidate's first day of employment
with the Company (the "Start Date").
(d) Refunds In the event
a GroupMagellan Candidate ceases to be employed by the Company
within ninety (90) days of the Start Date, the Company shall be
entitled to a full refund of all Fees relating to such GroupMagellan
Candidate (a "Refund").
3. Termination
This Agreement may be terminated at any time, by either party,
for any reason, upon written notice to the other party; provided
that, any Fees or Refunds then earned or in the process of being
earned, shall not be effected by such termination.
4. Self-Executing Nature
Following the Company's receipt of this Agreement, the Company's
solicitation of any GroupMagellan Candidate shall constitute the
Company's agreeement to the above terms.
 GroupMagellan Attorney Placement LLC
By:________________
Name:
Date:
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