Board Recruitment

Terms & Conditions

1. Deliverables: It is understood by Client that Talbott Talent will provide Exclusive Board Recruiting services. Deliverables include:

    • Conversations with Executive and Board Leader to understand needs and clarify expectations

    • Board Member Profile

    • Recruitment and evaluation of candidates

    • Presentation of candidates

    • Interview scheduling

    • Debrief and advice on board member selection

    • Weekly updates via phone, email, or text message

2. Fee: The fee for Exclusive Board Recruiting is $3,250 per board member. All fees are non-refundable and due prior to services being delivered. 

Client is obligated to pay an additional fee for any candidates, beyond the number in the agreement, who are elected to the board within one year following Talbott Talent’s presentation of the candidate. If any board candidate is hired as an employee of the organization within one year following Talbott Talent’s presentation of the candidate, Client is obligated to pay Talbott Talent a 25% recruitment fee based on the new hire’s compensation (salary plus any estimated bonus). This includes hiring within the Client’s organization or with any subsidiary, affiliate or related organization.

3. Taxes: Client shall be responsible for all sales, use, and excise taxes, and any other similar taxes, duties, and charges of any kind imposed by any federal, state, or local governmental entity on any amounts payable by Client hereunder.

4. Exclusivity: Talbott Talent commits to presenting a minimum of one candidate per board member requested. Talbott Talent will not offer candidate(s) sourced for Client to other organizations until Client declines the candidate(s) for its board. Any candidate(s) resulting from Client’s referral who are put through Talbott Talent’s recruitment process shall be considered as having been placed by Talbott Talent. 

5. Disclaimer of Warranties: Talbott Talent is not responsible and shall not be held liable for the performance or actions of candidates placed. Any advice given on board recruitment practices is based on Talbott Talent’s professional recruiting experience and should not be construed as legal advice. TALBOTT TALENT MAKES NO WARRANTY WHATSOEVER WITH RESPECT TO THE SERVICES, INCLUDING ANY (A) WARRANTY OF MERCHANTABILITY; OR (B) WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE; OR (C) WARRANTY OF TITLE; OR (D) WARRANTY AGAINST INFRINGEMENT OF INTELLECTUAL PROPERTY RIGHTS OF A THIRD PARTY; WHETHER EXPRESS OR IMPLIED BY LAW, COURSE OF DEALING, COURSE OF PERFORMANCE, USAGE OF TRADE, OR OTHERWISE.

6. Client Responsibility: You agree to give your full cooperation by providing detailed and accurate information about everything a successful candidate is expected to have in the way of experience, skills, and qualifications. This includes responding to requests for input, feedback, and information requested by Talbott Talent in a timely manner. 

Talbott Talent agrees to provide services as described in the Deliverables section of these Terms & Conditions.

Both parties agree to maintain confidentiality during the term of this agreement and for a period of five years after the agreement terminates, including information about:

  • Your organization

  • Candidates sourced

  • Talbott Talent’s strategies, processes, work products, and fees

7. Expenses: No additional expenses to perform this service will be charged, beyond those described in these Terms & Conditions. 

8. Payment Terms: Client’s signature on the Board Recruitment agreement confirms acceptance of these terms and conditions. Payment must be submitted for the project to begin. All fees are non-refundable. Payment via ACH using the link provided on Talbott Talent’s invoice is encouraged. Payment in full must be submitted for the project to begin. Invoices are due within 10 days, and all fees are non-refundable. To avoid late fees, it’s encouraged to pay the retainer and subsequent installments via ACH using the link provided on each invoice. Invoices not paid in full by the date due are subject to a late fee charge of 1.5% per month on the unpaid balance until paid in full. In any dispute involving monies owed to Talbott Talent, Talbott Talent shall be entitled to all costs of collection, including reasonable attorney’s fees and interest at 15% per annum or the highest rate allowed by law. This agreement shall be governed by and construed in accordance with the laws of the State of Indiana.