Candex provides a venue where Employers consolidate their external Suppliers and facilitate communication and transactions all over the world. To make this possible, Candex requires all Employers and Suppliers to agree to its website Terms of Use which lays out the basics of the contractual relationship between Candex, Employers and Suppliers. The following is a summary and you must agree to our full terms of use before you join Candex - so please read them carefully.
Contracting Parties:
Under the Candex Terms of Use, Employers agree that they are receiving recruitment services from Candex Solutions, Inc. (a Delaware company); and that they will be invoiced by Candex Solutions, Inc for all transactions on our website. Suppliers agree that they are acting as a sub-contractor of Candex in the performance of recruitment services and they will invoice Candex Solutions, Inc. for all placements made through the website. Suppliers also agree to be obligated directly to the Employers for any specific contract terms that are posted with each job.
Supplier Types:
There are three types of Suppliers on Candex. All transactions are automated so proper balances show immediately in each user's account to reflect the appropriate allocation of Fee per the following detail.
Sample Transactions:
Anne Williams of W Associates fills a Regulatory Affairs Manager for EDAC Pharma with a base salary
of € 60,000 / annum and a fee of 25% of salary.
| Payment Schedule * | Fee | % of Fee |
|---|---|---|
| EDAC pays Candex: | €15,000 | 100% |
| If Anne is an existing supplier: | ||
| Candex pays Anne: | €14,550 | 97% |
| Candex keeps: | €450 | 3% |
| If Anne is not an existing supplier: | ||
| Candex pays Anne: | €11,250 | 75% |
| Candex keeps: | €3,750 | 25% |
| If Anne fills repeatedly with EDAC: ** | ||
| Candex pays Anne: | €12,750 | 85% |
| Candex keeps: | €2,250 | 15% |
** This case assumes Anne is not an Existing Supplier.
Payment Terms:
After a successful placement, Employer is invoiced by Candex on the candidate start date. For Existing and Referred Suppliers, we will make payment within 3 business days of receiving funds from Employer and Employer has total flexibility in setting their own payment terms. For Marketplace Suppliers, we will make payment 60 days after the Start Date assuming funds have been received from the Employer and Employer owes money in 30 days from Start Date.
Customizable Employer Terms:
Each Employer may vary specific parts of their contract for recruitment services by geography and even by Supplier. Details on the contract terms that apply to a particular assignment can be found on each job. Each Supplier must agree to these terms with each candidate that they submit. Below is an example of employer terms that may be displayed.
Corporate Terms: