The Monthly Retainer Consulting Agreement is essential for businesses in Singapore seeking to establish long-term consulting relationships with predictable scope and cost structures. This document is particularly relevant when regular, ongoing services are required rather than project-based work. It addresses key aspects including service scope, monthly fees, confidentiality, intellectual property rights, and clearly defines the consultant's independent contractor status under Singapore law. The agreement ensures compliance with local regulations while protecting both parties' interests in a continuing professional relationship.
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Key Requirements PROMPT example:
Monthly Retainer Consulting Agreement
"I need a Monthly Retainer Consulting Agreement for our Singapore-based technology company to engage a cybersecurity consultant for ongoing system audits and vulnerability assessments, with a monthly fee of SGD 8,000 and strong IP protection clauses."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the consulting arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of consulting services to be provided
5. Term and Termination: Duration of agreement and termination provisions
6. Fees and Payment Terms: Monthly retainer amount, payment schedule, and expenses
7. Confidentiality: Protection of confidential information
8. Independent Contractor Status: Clarification of relationship between parties
1. Non-Compete: Restrictions on competing activities, used when protecting business interests is crucial
2. Intellectual Property Rights: Ownership and transfer of IP created during engagement, used when consultant will create IP during service provision
3. Insurance Requirements: Professional indemnity and other insurance obligations, used when services involve significant risk or regulatory requirements
1. Schedule A - Scope of Services: Detailed breakdown of services and deliverables
2. Schedule B - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms
3. Schedule C - Key Personnel: List of approved consultant personnel, used when specific individuals are critical to service delivery
Authors
Relevant legal definitions
Agreement
Business Day
Commencement Date
Confidential Information
Consultant
Client
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Monthly Retainer Fee
Pre-Existing Materials
Professional Services
Representatives
Scope of Services
Service Levels
Term
Territory
Work Product
Business Day
Commencement Date
Confidential Information
Consultant
Client
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Monthly Retainer Fee
Pre-Existing Materials
Professional Services
Representatives
Scope of Services
Service Levels
Term
Territory
Work Product
Clauses
Scope of Services
Term and Renewal
Fees and Payment
Expenses
Independent Contractor Status
Confidentiality
Intellectual Property Rights
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Force Majeure
Termination
Notice
Assignment
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Severability
Counterparts
Data Protection
Service Levels
Performance Standards
Reporting Requirements
Insurance
Compliance with Laws
Waiver
Term and Renewal
Fees and Payment
Expenses
Independent Contractor Status
Confidentiality
Intellectual Property Rights
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Force Majeure
Termination
Notice
Assignment
Dispute Resolution
Governing Law
Entire Agreement
Amendments
Severability
Counterparts
Data Protection
Service Levels
Performance Standards
Reporting Requirements
Insurance
Compliance with Laws
Waiver
Relevant Industries
Relevant Teams
Relevant Roles
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