Contingency Retainer Agreement Template for Singapore

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Key Requirements PROMPT example:

Contingency Retainer Agreement

"Need a Contingency Retainer Agreement for our Singapore law firm to represent a construction company in a major dispute, with a 25% success fee structure and specific provisions for expert witness costs to be commenced by March 2025."

Document background
The Contingency Retainer Agreement is essential when establishing a performance-based legal representation arrangement in Singapore. While Singapore traditionally maintains conservative positions on contingency fees, this document carefully structures the arrangement to comply with local regulations while protecting both parties' interests. It details payment terms, scope of work, client obligations, and termination rights, incorporating requirements from the Legal Profession Act and Professional Conduct Rules. This agreement is particularly relevant for cases where clients prefer to link legal fees to case outcomes.
Suggested Sections

1. Parties: Identification of the law firm and client with full legal names and addresses

2. Background: Context of the legal matter and reason for engagement

3. Definitions: Key terms used throughout the agreement including fee calculation methods and success criteria

4. Scope of Services: Detailed description of legal services to be provided and extent of representation

5. Fee Structure: Clear explanation of contingency fee calculation, payment terms, and disbursements handling

6. Client Obligations: Client's responsibilities, commitments, and duty to cooperate

7. Termination: Conditions and process for ending the agreement, including fee calculations upon early termination

8. Confidentiality: Privacy and information protection obligations for both parties

Optional Sections

1. Conflict of Interest: Additional provisions regarding potential conflicts and their management

2. Insurance Coverage: Details of professional indemnity insurance and coverage limits

3. Alternative Dispute Resolution: Procedures for resolving disputes between parties through mediation or arbitration

Suggested Schedules

1. Schedule of Fees: Detailed breakdown of fee calculations, success fee percentages, and various outcome scenarios

2. Scope of Work Details: Comprehensive outline of specific legal services, milestones, and deliverables

3. Client Authority Form: Authorization form detailing specific actions the firm is empowered to take on behalf of client

4. Conflict Check Results: Documentation of conflict checking process results and mitigation measures if applicable

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

Industries

Legal Profession Act (Cap. 161): Primary legislation governing lawyer-client relationships, fee arrangements, and professional conduct requirements in Singapore

Legal Profession (Professional Conduct) Rules 2015: Regulatory framework detailing guidelines on fee arrangements, ethical considerations, and client communication requirements

Singapore Law Society Rules: Professional body rules providing guidelines on fee structures, professional standards, and client care requirements

Civil Law Act (Cap. 43): Legislation containing provisions regarding champerty and maintenance, and regulations on contingency fee arrangements

Legal Profession (Solicitors' Remuneration) Order: Regulatory order providing guidelines on legal fees, fee calculation methods, and permitted billing practices

Contingency Fee Restrictions: Traditional contingency fee arrangements are generally prohibited in Singapore, requiring careful structuring of fee agreements

Professional Conduct Compliance: Mandatory compliance requirements with professional conduct rules and ethical guidelines

Fee Structure Transparency: Requirements for clear and transparent fee structures, including detailed explanation of fee calculation methods

Client Rights Documentation: Obligation to clearly explain and document client's rights, obligations, and dispute resolution mechanisms

Termination Provisions: Requirements for fair and reasonable termination clauses and confidentiality requirements

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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