Termination Letter Of Retainer Agreement for Malaysia

Termination Letter Of Retainer Agreement Template for Malaysia

A formal document used in Malaysia to officially terminate an existing retainer agreement between a service provider and their client. This document adheres to Malaysian legal requirements, particularly under the Contracts Act 1950 and relevant professional conduct regulations. It outlines the termination details, effective date, final billing arrangements, document return procedures, and any transition requirements. The letter maintains professional standards while ensuring legal compliance and protecting both parties' interests during the termination process.

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What is a Termination Letter Of Retainer Agreement?

A Termination Letter Of Retainer Agreement is a crucial document used when either party wishes to formally end an ongoing professional service arrangement in Malaysia. This document is typically employed when a client wishes to discontinue regular services from a professional service provider, or when the service provider needs to end the arrangement. It must comply with Malaysian legal requirements, including the Contracts Act 1950 and professional conduct regulations. The letter should clearly state the termination date, outline the process for concluding ongoing matters, address document handling, specify final payment terms, and maintain professional courtesy. It serves as official documentation of the termination and helps prevent future disputes by clearly defining the end of the professional relationship.

What sections should be included in a Termination Letter Of Retainer Agreement?

1. Letter Header: Include sender's details, recipient's details, date, and reference number

2. Subject Line: Clear indication that this is a termination notice for the specific retainer agreement

3. Opening Statement: Reference to the existing retainer agreement including its date and parties

4. Termination Notice: Clear statement of termination and the effective date

5. Basis for Termination: Reference to the relevant clause in the retainer agreement or circumstances leading to termination

6. Outstanding Matters: Status of ongoing work and handling of pending matters

7. Final Billing: Information about final invoices and payment arrangements

8. Return of Documents: Process and timeline for returning client documents and materials

9. Professional Obligations: Confirmation of completing professional obligations and maintaining confidentiality

10. Closing Statement: Professional closure and contact information for any queries

What sections are optional to include in a Termination Letter Of Retainer Agreement?

1. Transition Arrangements: Details of handover to new service provider if applicable

2. Dispute Resolution: Include if there are ongoing disputes or potential issues to be addressed

3. Mutual Release: Include if both parties agree to release each other from future claims

4. Confirmation Request: Request for acknowledgment of receipt and acceptance if required

What schedules should be included in a Termination Letter Of Retainer Agreement?

1. Statement of Outstanding Fees: Detailed breakdown of any unpaid fees and expenses

2. Document Inventory: List of client documents and materials to be returned

3. Handover Checklist: List of ongoing matters and their current status for transition purposes

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

Jurisdiction

Malaysia

Publisher

Genie AI

Cost

Free to use
Relevant Industries

Legal Services

Professional Services

Consulting

Financial Services

Corporate Services

Healthcare

Technology

Manufacturing

Real Estate

Construction

Education

Relevant Teams

Legal

Compliance

Finance

Operations

Corporate Services

Administration

Contract Management

Business Development

Client Relations

Risk Management

Relevant Roles

Legal Counsel

Corporate Lawyer

Managing Partner

Chief Legal Officer

Compliance Officer

Contract Manager

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Operations Manager

Professional Services Manager

Account Manager

Company Secretary

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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