This Professional Services Retainer Agreement is designed for use in the Danish market where a business client requires regular access to professional services on an ongoing basis. It is particularly relevant when the client wants to secure priority access to the service provider's expertise and resources, while establishing a predictable fee structure and service delivery framework. The agreement incorporates requirements under Danish law, including the Danish Contracts Act (Aftaleloven), business regulations, and data protection requirements. It is commonly used by professional service firms offering consulting, advisory, technical, or specialized professional services to Danish businesses or international companies operating in Denmark.
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Key Requirements PROMPT example:
Professional Services Retainer Agreement
I need a Professional Services Retainer Agreement under Danish law for an IT consulting firm providing cybersecurity services, with monthly retainer of 50 hours and strict data protection requirements, starting March 1, 2025.
1. Parties: Identification of the service provider and client, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, relationship between parties, and general purpose of the retainer arrangement
3. Definitions and Interpretation: Definitions of key terms used throughout the agreement and rules of interpretation
4. Scope of Services: General description of professional services covered under the retainer arrangement
5. Term and Termination: Duration of the agreement, renewal terms, and termination rights
6. Retainer Fee and Payment Terms: Structure of retainer fees, payment schedules, and handling of additional charges
7. Service Provider's Obligations: Key responsibilities and commitments of the service provider
8. Client's Obligations: Key responsibilities and commitments of the client
9. Service Levels: Expected standards of service and performance metrics
10. Intellectual Property Rights: Ownership and usage rights of any IP created during service provision
11. Confidentiality: Protection and handling of confidential information
12. Data Protection: GDPR compliance and data handling requirements
13. Liability and Indemnification: Limitation of liability and indemnification obligations
14. Force Majeure: Handling of events beyond reasonable control
15. Governing Law and Jurisdiction: Confirmation of Danish law governance and dispute resolution procedures
16. General Provisions: Standard boilerplate clauses including notices, amendments, assignment, and severability
1. Non-Competition: Restrictions on competitive activities, used when services involve sensitive market information
2. Personnel and Subcontractors: Rules regarding use of specific personnel or subcontractors, used when service delivery depends on particular individuals
3. Insurance: Specific insurance requirements, used for high-risk or regulated services
4. Compliance with Laws: Specific regulatory compliance obligations, used in regulated industries
5. Service Credits: Performance-based fee adjustments, used in SLA-driven arrangements
6. Audit Rights: Client's right to audit service provider, used in regulated industries or for critical services
7. Business Continuity: Disaster recovery and business continuity requirements, used for critical ongoing services
8. Exit Assistance: Transition support upon termination, used for complex or critical services
1. Schedule 1 - Detailed Service Description: Comprehensive list and description of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of retainer fees, hourly rates, and additional charges
3. Schedule 3 - Service Levels and KPIs: Detailed service level agreements and key performance indicators
4. Schedule 4 - Key Personnel: List of key personnel assigned to provide the services
5. Schedule 5 - Data Processing Agreement: GDPR-compliant data processing terms and details
6. Schedule 6 - Contact Details and Notice Information: Key contacts and communication protocols
7. Appendix A - Form of Work Order: Template for ordering additional services beyond retainer scope
8. Appendix B - Reporting Requirements: Templates and requirements for service reporting
Authors
Relevant legal definitions
Agreement
Additional Services
Applicable Law
Business Day
Charges
Client
Client Materials
Confidential Information
Data Protection Legislation
Deliverables
Effective Date
Force Majeure Event
Good Industry Practice
Initial Term
Intellectual Property Rights
Key Personnel
Minimum Retainer Fee
Personal Data
Professional Services
Project
Retainer Fee
Retainer Hours
Renewal Term
Schedule
Service Credits
Service Levels
Service Provider
Service Provider Materials
Services
Specification
Standard Rates
Term
Third Party Materials
Work Order
Working Hours
Additional Services
Applicable Law
Business Day
Charges
Client
Client Materials
Confidential Information
Data Protection Legislation
Deliverables
Effective Date
Force Majeure Event
Good Industry Practice
Initial Term
Intellectual Property Rights
Key Personnel
Minimum Retainer Fee
Personal Data
Professional Services
Project
Retainer Fee
Retainer Hours
Renewal Term
Schedule
Service Credits
Service Levels
Service Provider
Service Provider Materials
Services
Specification
Standard Rates
Term
Third Party Materials
Work Order
Working Hours
Clauses
Definitions
Services Scope
Term
Retainer Arrangements
Payment Terms
Service Levels
Professional Standards
Key Personnel
Client Obligations
Service Provider Obligations
Intellectual Property
Confidentiality
Data Protection
Liability
Indemnification
Insurance
Force Majeure
Termination
Exit Management
Non-Competition
Personnel and Subcontracting
Audit Rights
Compliance with Laws
Anti-Corruption
Assignment
Variation
Notices
Severability
Entire Agreement
Third Party Rights
Governing Law
Dispute Resolution
Services Scope
Term
Retainer Arrangements
Payment Terms
Service Levels
Professional Standards
Key Personnel
Client Obligations
Service Provider Obligations
Intellectual Property
Confidentiality
Data Protection
Liability
Indemnification
Insurance
Force Majeure
Termination
Exit Management
Non-Competition
Personnel and Subcontracting
Audit Rights
Compliance with Laws
Anti-Corruption
Assignment
Variation
Notices
Severability
Entire Agreement
Third Party Rights
Governing Law
Dispute Resolution
Relevant Industries
Management Consulting
IT Services
Legal Services
Accounting and Financial Services
Marketing and Communications
Engineering Services
Business Advisory
Human Resources Services
Environmental Consulting
Technical Consulting
Research and Development
Professional Training Services
Relevant Teams
Legal
Procurement
Finance
Operations
Compliance
Business Development
Service Delivery
Project Management
Account Management
Technical Services
Quality Assurance
Risk Management
Client Relations
Administration
Relevant Roles
Managing Director
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Project Manager
Professional Services Director
Account Manager
Operations Director
Compliance Officer
Contract Manager
Business Development Manager
Service Delivery Manager
Technical Director
Department Head
Chief Operating Officer
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