1. What is a Resource supply and management agreement?
The resource supply agreement is entered into by the company to acquire the manpower required to conduct its business. Many times businesses do not have time or concerned departments to research manpower and recruit them, so they outsource this to a recruitment agency who, on behalf of the company, employs the resources. This agreement states the role of a recruitment agency, the payment to be made to them by the company, The obligations of the parties, etc.
2. Why is it important?
a. It lays the foundation of the relationship between the Recruitment agency and the company
b. It helps in avoiding disputes that may arise in the future related to the agreement.
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