Monthly Retainer Agreement Template for Saudi Arabia

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Key Requirements PROMPT example:

Monthly Retainer Agreement

"I need a Monthly Retainer Agreement for my IT consulting firm based in Riyadh to provide ongoing technical support services to a large manufacturing company, starting from March 2025, with specific provisions for data security and 24/7 emergency support."

Document background
The Monthly Retainer Agreement is essential for businesses and professionals operating in Saudi Arabia who wish to establish long-term service relationships with fixed monthly compensation. This document type is commonly used when a client requires regular, ongoing access to professional services without the need to negotiate terms for each engagement. The agreement must comply with Saudi commercial law and Sharia principles, including specific provisions for payment terms that align with Islamic finance principles. It typically includes comprehensive details about service scope, performance standards, payment terms, and dispute resolution mechanisms. The document is particularly relevant in the current Saudi business environment, where the Vision 2030 initiative has increased demand for professional services across various sectors, requiring clear and compliant contractual frameworks for ongoing business relationships.
Suggested Sections

1. Parties: Identification of the service provider and client, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement, including 'Services', 'Retainer Fee', 'Term', etc.

4. Scope of Services: Detailed description of the services to be provided under the retainer arrangement

5. Term and Renewal: Duration of the agreement and conditions for renewal

6. Retainer Fee and Payment Terms: Monthly fee amount, payment schedule, and invoicing requirements including VAT considerations

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. Confidentiality: Provisions for protecting confidential information exchanged during the service relationship

10. Intellectual Property: Ownership and usage rights of any IP created during the service provision

11. Termination: Grounds for termination, notice requirements, and consequences of termination

12. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for dispute resolution

Optional Sections

1. Service Levels: Specific performance metrics and standards, used when service quality needs to be quantifiably measured

2. Additional Services: Framework for requesting and charging for services beyond the retainer scope, included when flexibility in service scope is needed

3. Personnel: Requirements for specific personnel to be involved, used when particular expertise or individuals are crucial

4. Non-Competition: Restrictions on competitive activities, included when sensitive market knowledge is involved

5. Force Majeure: Provisions for unforeseen circumstances, particularly relevant in long-term arrangements

6. Insurance: Insurance requirements and coverage details, important for high-risk services

7. Compliance with Sharia: Specific provisions ensuring compliance with Islamic law principles, necessary for certain types of services or clients

8. Data Protection: Specific data handling and protection requirements, necessary when personal or sensitive data is involved

Suggested Schedules

1. Schedule 1 - Detailed Scope of Services: Comprehensive list and description of services covered under the retainer

2. Schedule 2 - Fee Schedule: Detailed breakdown of the retainer fee, payment terms, and any variable fees

3. Schedule 3 - Service Levels and KPIs: Specific performance metrics and measurement criteria

4. Schedule 4 - Key Personnel: List of key team members and their roles in service delivery

5. Schedule 5 - Report Templates: Standard formats for regular reporting and documentation

6. Appendix A - Communication Protocol: Procedures for routine communications and escalations

7. Appendix B - Compliance Requirements: Specific regulatory and Sharia compliance requirements applicable to the services

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 legal definitions
Clauses
Relevant Industries

Legal Services

Consulting

Information Technology

Marketing and Advertising

Public Relations

Business Advisory

Financial Services

Management Consulting

Engineering Services

Healthcare Services

Educational Services

Professional Training

Technical Support

Facilities Management

Environmental Services

Relevant Teams

Legal

Finance

Operations

Procurement

Commercial

Business Development

Compliance

Project Management

Account Management

Service Delivery

Administration

Risk Management

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Chief Executive Officer

Chief Financial Officer

Operations Director

Procurement Manager

Project Manager

Account Director

Service Delivery Manager

Commercial Manager

Compliance Officer

Finance Director

Managing Partner

Department Head

Regional Director

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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