The Flat Fee Retainer Agreement is essential for establishing clear, predictable fee arrangements in legal services under Singapore law. This document is particularly valuable when clients require ongoing legal support with predictable costs, or when handling defined projects with clear scope boundaries. It addresses key requirements under Singapore's Legal Profession Act and Professional Conduct Rules, including fee transparency, service scope definition, and client protection measures. The agreement is commonly used for corporate counsel arrangements, compliance work, or specific project-based legal services where cost certainty is prioritized.
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Key Requirements PROMPT example:
Flat Fee Retainer Agreement
"I need a Flat Fee Retainer Agreement for my Singapore law firm to engage a corporate client for ongoing regulatory compliance work, with a monthly fixed fee of SGD 15,000 starting from March 2025, including quarterly compliance reviews and monthly advisory sessions."
1. Parties: Identification of the law firm and client, including full legal names and addresses
2. Background: Context of the engagement and brief description of services required
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of legal services to be provided under the retainer
5. Fee Structure: Flat fee amount, payment terms, and what is included/excluded
6. Term and Termination: Duration of agreement and termination provisions
7. Confidentiality: Obligations regarding confidential information
1. Additional Services: Provisions for services outside the flat fee scope, used when additional services might be required beyond the core retainer
2. Conflict of Interest: Specific provisions about handling potential conflicts, used when dealing with corporate clients or complex matters
3. Insurance: Professional indemnity insurance details, used when required by client or for high-value matters
1. Schedule of Services: Detailed breakdown of included services under the flat fee
2. Fee Schedule: Breakdown of the flat fee and payment milestones
3. Client Information Form: Client details and compliance information
Authors
Relevant legal definitions
Clauses
Scope of Services
Fee Structure
Payment Terms
Confidentiality
Term and Duration
Termination
Professional Obligations
Client Responsibilities
Intellectual Property
Conflict of Interest
Liability and Indemnification
Force Majeure
Data Protection
Governing Law
Dispute Resolution
Assignment
Notices
Entire Agreement
Severability
Amendments
Fee Structure
Payment Terms
Confidentiality
Term and Duration
Termination
Professional Obligations
Client Responsibilities
Intellectual Property
Conflict of Interest
Liability and Indemnification
Force Majeure
Data Protection
Governing Law
Dispute Resolution
Assignment
Notices
Entire Agreement
Severability
Amendments
Relevant Industries
Relevant Teams
Relevant Roles
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