Retainer Letter for Malta

Retainer Letter Template for Malta

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Retainer Letter

"I need a Retainer Letter for a Malta-based fintech startup requiring ongoing legal support, including regulatory compliance and corporate governance, with a monthly fixed fee structure starting from January 2025."

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What is a Retainer Letter?

The Retainer Letter is a crucial document used in the Maltese legal services industry to formalize ongoing professional relationships between legal service providers and their clients. It serves as the foundation for long-term legal service arrangements, typically used when a client requires regular access to legal services or ongoing legal support. The document must comply with Maltese legal requirements, including provisions of the Civil Code (Chapter 16), professional conduct regulations, and relevant EU legislation. A well-drafted Retainer Letter includes essential elements such as scope of services, fee structures, confidentiality obligations, and termination provisions, while also addressing specific Maltese legal requirements such as anti-money laundering compliance and data protection measures. This document is particularly important in Malta's growing financial services and gaming sectors, where ongoing legal support is often required.

What sections should be included in a Retainer Letter?

1. Letterhead and Date: Professional letterhead including firm details, address, contact information, and date

2. Client Details: Full name and address of the client

3. Subject Line: Clear indication that this is a retainer engagement letter

4. Salutation: Professional greeting to the client

5. Engagement Confirmation: Clear statement confirming the firm's acceptance to represent the client

6. Scope of Services: Detailed description of legal services to be provided under the retainer

7. Fee Structure: Clear explanation of retainer fee, billing rates, and payment terms

8. Term and Renewal: Duration of the retainer agreement and renewal terms

9. Client Responsibilities: Outline of client's obligations including information provision and cooperation

10. Confidentiality: Statement regarding confidentiality obligations and handling of client information

11. Termination: Conditions and process for terminating the retainer relationship

12. Acceptance: Request for client's confirmation and signature

13. Signature Block: Space for signatures of both parties

What sections are optional to include in a Retainer Letter?

1. Conflict of Interest Statement: Required when there are potential conflicts that need to be disclosed and addressed

2. Team Structure: Include when multiple lawyers/professionals will be handling the client's matters

3. Special Fee Arrangements: Used when offering custom billing arrangements or special rate structures

4. Anti-Money Laundering Notice: Required for high-risk clients or when dealing with significant financial transactions

5. Data Protection Notice: Detailed GDPR compliance information, required when handling personal data

6. Jurisdiction Clause: Include when client is based outside Malta or cross-border services are involved

7. Professional Indemnity Insurance: Details of coverage, included when requested by client or for high-value engagements

What schedules should be included in a Retainer Letter?

1. Schedule A - Fee Schedule: Detailed breakdown of hourly rates, retainer amounts, and billing increments

2. Schedule B - Scope of Services: Detailed description of included and excluded services under the retainer

3. Schedule C - General Terms and Conditions: Standard terms and conditions of engagement

4. Schedule D - Team Profile: Biographies and contact information of key team members

5. Appendix 1 - Client Due Diligence Requirements: List of required KYC documents and compliance information

6. Appendix 2 - Data Protection Policy: Detailed privacy policy and data handling procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries

Legal Services

Professional Services

Financial Services

Banking

Insurance

Real Estate

Technology

Manufacturing

Healthcare

Retail

Telecommunications

Gaming

Maritime

Aviation

Relevant Teams

Legal

Compliance

Finance

Operations

Risk Management

Procurement

Executive Leadership

Administration

Business Development

Corporate Governance

Relevant Roles

General Counsel

Legal Director

Chief Legal Officer

Managing Partner

Senior Partner

Corporate Lawyer

Legal Manager

Compliance Officer

Chief Executive Officer

Chief Financial Officer

Operations Director

Company Secretary

Risk Manager

Procurement Manager

Contract Manager

Business Development Manager

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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