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Search Terms - AI001

In these Terms of Business, the following definitions apply:

“Applicant” means the person introduced by the Agency to the Client for an Engagement

including any officer or employee of the Applicant if the Applicant is a limited company and

members of the Agency’s own staff;

“Client” means the person; firm or corporate body together with any subsidiary or associated

Company as defined by the Companies Act 1985 to which the Applicant is introduced;

“Agency” means SRS Global

“Engagement” means the engagement, employment or use of the Applicant by the client or any

third party on a permanent or temporary basis, whether under a contract of service or for

services; under an agency, licence, franchise or partnership agreement; or any other

engagement; directly or through a limited company of which the Applicant is an officer or

employee; “Introduction” means (i) interview of an Applicant in person or by telephone,

following the client instruction to the Agency to search for an Applicant; or (ii) the passing to

the client of a curriculum vitæ or information which identifies the Applicant; and which leads to

an Engagement of that Applicant;

Ad-Idem Consulting have engaged us to find –

‘EITHER Private Equity Practice

Lead or C-Level Hires Practice Lead’

The search will begin once the initial payment has been received by the Agency.

These Terms constitute the contract between the Agency and client and are

deemed to be accepted by virtue of an Introduction to the client, or the

Engagement of an Applicant or the passing of any information about the Applicant

to any third party following an Introduction.

These terms contain the entire agreement between the parties and unless

otherwise agreed in writing by a Director of the Agency, these Terms of Business

prevail over any other terms of business or purchase conditions put forward by

the client.

No variation or alteration to these Terms shall be valid unless the details of such

variation are agreed between the Agency and the client and are set out in writing

and a copy of the varied terms is given to the client stating the date on or after

which such varied terms shall apply.

£5,600 plus VAT – Initial Payment, due within 48 hours of the date of invoice

AI001 – this amount is refundable in full if the search cannot be completed within

4 months.

The amount is not refundable if the role(s) detailed in ‘summary’ is filled by any

other means.

The amount is not refundable if for any reason the role(s) is no longer open to fill

for any reason.

The Initial Fee will be deducted from the Final Fee once the search has been


£16,000 Fee Cap, or 20% of the applicant's 1st years basic salary (this does not

include any guarantees paid), whichever is less, due within 14 days of the

successful applicant starting with Ad-Idem Consulting.

In order to qualify for the following rebate, the client must pay the Agency’s fee’s

within the agreed timescales detailed on each invoice. The Initial Fee will become

available again as a credit, not a refund.

If the Engagement terminates before the expiry of 12 weeks from the

commencement of the Engagement (except where the Applicant is made

redundant) the fee will be credited in accordance with the following scale.

Weeks 0-4 = 100%

Weeks 5-8 = 50%

Weeks 9-12 = 25%

The Agency shall not be liable under any circumstances for any loss, expense,

damage, delay, costs or compensation (whether direct, indirect or consequential)

which may be suffered or incurred by the client arising from or in any way

connected with the Agency seeking an Applicant for the client or from the

Introduction to or Engagement of any Applicant by the client or from the failure of

the Agency to introduce any Applicant.

These Terms are governed by the law of England & Wales and are subject to the

exclusive jurisdiction of the Courts of England & Wales.

Signed by Client

You have signed TOB with SRS Global

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