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As businesses expand and grow, they often need to hire additional staff to handle the workload. Many companies turn to independent contractors to help meet their staffing needs. If you are a recruiter who places independent contractors with clients, it is crucial to have a solid agreement in place to protect both parties.

An independent contractor recruiter agreement should clearly outline the terms of the relationship between the recruiter and the client. This agreement should include the scope of the work to be performed, how the recruiting fees will be paid, and any non-compete or non-disclosure clauses that may apply.

Scope of Work

The agreement should clearly define the scope of work to be performed by the independent contractor. This should include details such as the job title, duties, and responsibilities of the position being filled. It is also important to note any specific skills or qualifications that are required for the position.

Recruiting Fees

The agreement should detail how the recruiting fees will be paid. This may include a flat fee or a percentage of the contractor’s hourly rate or salary. Many agreements also include a placement fee that is paid once the contractor is hired and has completed a specified period of work.

Non-Compete and Non-Disclosure Clauses

Non-compete and non-disclosure clauses may be included in the agreement to prevent the contractor from working with the client’s competitors or sharing confidential information. It is essential to ensure that these clauses are reasonable and do not limit the contractor’s ability to work in their field.

Other Considerations

The independent contractor recruiter agreement may also include other important details such as how disputes will be resolved, termination clauses, and indemnification. It is critical to have an attorney review any agreement to ensure that it complies with all applicable laws and regulations.

In conclusion, an independent contractor recruiter agreement is a vital document that protects both the recruiter and the client. It is essential to take the time to develop a comprehensive agreement that reflects the needs of both parties. By doing so, both parties can establish a relationship built on trust and mutual understanding.

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LogMeIn, a leading provider of cloud-based connectivity and collaboration solutions, recently announced that it has entered into a merger agreement with a private equity firm, Francisco Partners, and an affiliate of Evergreen Coast Capital Corporation. This merger agreement is an important milestone for both LogMeIn and its new partners, as it will help to accelerate LogMeIn`s growth and enable it to provide even more innovative solutions to its customers.

Under the terms of the agreement, LogMeIn shareholders will receive $86.05 per share in cash, which represents a premium of approximately 25% based on the closing price of LogMeIn`s shares on December 17, 2019. The total value of the transaction is approximately $4.3 billion, including net debt.

The merger agreement is subject to customary closing conditions, including the receipt of regulatory approvals and the approval of LogMeIn`s shareholders. The transaction is expected to close in mid-2020, after which LogMeIn will become a wholly-owned subsidiary of a new holding company that will be controlled by Francisco Partners and Evergreen Coast Capital.

Francisco Partners is a leading global private equity firm that specializes in investing in technology and technology-enabled businesses. The firm has a long track record of partnering with management teams to build market-leading companies, and it is known for its operational expertise and strategic vision. Evergreen Coast Capital is the technology-focused private equity arm of Elliott Management Corporation, a leading investment firm with more than $40 billion in assets under management.

LogMeIn`s CEO, Bill Wagner, expressed excitement about the merger agreement, stating that it will enable the company to “accelerate our overall growth, our ability to invest in our products and our long-term strategy.” He added that the new partners will provide “additional resources and expertise that will help us to unlock even more value for our customers and shareholders.”

The merger agreement is expected to have a positive impact on LogMeIn`s employees, customers, and partners. LogMeIn will remain headquartered in Boston, Massachusetts, and its management team will continue to lead the company. The company`s product portfolio, which includes popular solutions such as GoToMeeting, LastPass, and Bold360, will also remain unchanged.

In summary, the LogMeIn merger agreement with Francisco Partners and Evergreen Coast Capital represents a significant development for the cloud-based connectivity and collaboration solutions provider. The partnership will help to accelerate LogMeIn`s growth and enable it to provide even more innovative solutions to its customers. With the backing of experienced private equity firms, LogMeIn is well-positioned to achieve its long-term goals and deliver value to its shareholders.