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Retainer Fee Agreement
"I need a Retainer Fee Agreement for my IT consulting firm in Saudi Arabia, which will provide ongoing cybersecurity services to a major bank starting March 2025, with monthly payments and strict confidentiality provisions."
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' intentions
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Scope of Services: Detailed description of the professional services to be provided under the retainer
5. Term and Renewal: Duration of the retainer agreement and conditions for renewal
6. Retainer Fee Structure: Amount, payment schedule, and calculation method for the retainer fee
7. Payment Terms: Details of payment method, timing, and handling of additional costs
8. Obligations of Service Provider: Duties, responsibilities, and service standards of the provider
9. Client Obligations: Responsibilities of the client, including information provision and cooperation
10. Confidentiality: Provisions for handling confidential information and trade secrets
11. Termination: Grounds and procedures for terminating the agreement
12. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes
13. Entire Agreement: Statement that the agreement represents the complete understanding between parties
1. Force Majeure: Include when specific provisions for unforeseen circumstances are needed
2. Intellectual Property Rights: Add when services involve creation or use of intellectual property
3. Non-Competition: Include when restricting the service provider from working with competitors
4. Assignment: Add when transfer of rights needs to be specifically addressed
5. Insurance: Include when specific insurance requirements need to be maintained
6. Compliance with Sharia: Add detailed Sharia compliance provisions when required by the nature of services
7. Data Protection: Include when personal data processing is involved
8. Dispute Resolution: Add when specific arbitration or mediation procedures are preferred
1. Schedule 1 - Detailed Scope of Services: Comprehensive breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment structure
3. Schedule 3 - Service Level Agreement: Specific performance metrics and service standards
4. Schedule 4 - Key Personnel: List of key team members assigned to provide the services
5. Appendix A - Required Documentation: List of documents required from client for service provision
6. Appendix B - Compliance Requirements: Specific regulatory or Sharia compliance requirements
7. Appendix C - Communication Protocol: Procedures for routine communications and escalations
Authors
Applicable Law
Business Day
Client
Confidential Information
Deliverables
Effective Date
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Retainer Fee
Out-of-Scope Services
Professional Services
Renewal Term
Retainer Period
Services
Service Provider
Service Standards
Sharia Principles
Scope of Services
Term
Termination Date
Territory
Working Hours
Additional Services
Authorized Representative
Client Materials
Commencement Date
Dispute
Good Industry Practice
Personnel
Project
Reports
Schedule of Fees
Service Level Requirements
Specifications
Third Party
Payment Terms
Service Delivery
Duration
Termination
Liability
Force Majeure
Governing Law
Dispute Resolution
Assignment
Notices
Entire Agreement
Severability
Amendments
Non-Competition
Intellectual Property
Data Protection
Professional Standards
Compliance
Insurance
Indemnification
Personnel
Record Keeping
Audit Rights
Service Levels
Reporting
Client Cooperation
Warranties
Conflict of Interest
Anti-Corruption
Sharia Compliance
Communication Protocol
Fee Adjustment
Subcontracting
Representations
Legal Services
Management Consulting
Accounting and Audit
Information Technology
Business Advisory
Marketing and Communications
Engineering Services
Healthcare Services
Financial Services
Architecture and Design
Professional Training
Legal
Finance
Procurement
Operations
Compliance
Business Development
Risk Management
Professional Services
Contract Management
Executive Leadership
Legal Counsel
Managing Partner
Chief Executive Officer
Finance Director
Procurement Manager
Contract Manager
Business Development Director
Operations Manager
Compliance Officer
Project Manager
Professional Services Director
General Counsel
Chief Financial Officer
Risk Manager
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