The Monthly Retainer Contract is essential for businesses seeking to establish long-term professional service arrangements in Singapore. This document formalizes the relationship between service providers and clients, ensuring regular service delivery for a predetermined monthly fee. It addresses key aspects such as service scope, payment terms, confidentiality, and compliance with Singapore regulations. The contract is particularly valuable for ongoing professional relationships where consistent service delivery and pricing stability are priorities.
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Key Requirements PROMPT example:
Monthly Retainer Contract
"I need a Monthly Retainer Contract for my digital marketing agency to provide social media management services to a Singapore-based fintech startup, with a monthly fee of SGD 5,000 starting from March 2025, including specific provisions for content approval processes and performance metrics."
1. Parties: Details of the service provider and client, including registered addresses and company registration numbers
2. Background: Context of the agreement and brief description of why the parties are entering into this retainer arrangement
3. Definitions: Key terms used throughout the agreement and their meanings
4. Scope of Services: Detailed description of services to be provided under the retainer
5. Fees and Payment Terms: Monthly retainer amount, payment schedule, and billing procedures
6. Term and Termination: Duration of the agreement and circumstances for termination
7. Obligations of the Parties: Key responsibilities of both service provider and client
8. Confidentiality: Protection of confidential information exchanged during the engagement
9. Governing Law: Specification of Singapore law as governing law and jurisdiction
1. Intellectual Property Rights: Ownership and usage rights of IP created during the engagement - include when services involve creation of intellectual property
2. Data Protection: Compliance with PDPA and data handling procedures - include when personal data processing is involved
3. Non-Competition: Restrictions on competing activities - include when protecting against competitive activities is crucial
4. Force Majeure: Provisions for unforeseen circumstances preventing performance - include when long-term commitment needs protection against external events
5. Insurance: Required insurance coverage - include when services involve significant risks or regulatory requirements
1. Schedule of Services: Detailed breakdown of services included in the retainer
2. Fee Schedule: Detailed breakdown of fees, including any additional charges
3. Service Level Agreement: Performance metrics and service standards
4. Key Personnel: List of key team members assigned to the engagement
5. Compliance Requirements: Any specific regulatory or industry compliance requirements
Authors
Relevant legal definitions
Agreement
Business Day
Client
Commencement Date
Confidential Information
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Fee
Personal Data
Professional Standards
Renewal Term
Services
Service Level Requirements
Service Provider
Term
Territory
Working Hours
Business Day
Client
Commencement Date
Confidential Information
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Fee
Personal Data
Professional Standards
Renewal Term
Services
Service Level Requirements
Service Provider
Term
Territory
Working Hours
Clauses
Appointment
Scope of Services
Term and Duration
Fees and Payment
Service Provider Obligations
Client Obligations
Service Levels
Key Personnel
Confidentiality
Intellectual Property
Data Protection
Warranties
Liability and Indemnity
Insurance
Force Majeure
Termination
Notice
Assignment
Subcontracting
Entire Agreement
Variation
Waiver
Severability
Third Party Rights
Dispute Resolution
Governing Law
Scope of Services
Term and Duration
Fees and Payment
Service Provider Obligations
Client Obligations
Service Levels
Key Personnel
Confidentiality
Intellectual Property
Data Protection
Warranties
Liability and Indemnity
Insurance
Force Majeure
Termination
Notice
Assignment
Subcontracting
Entire Agreement
Variation
Waiver
Severability
Third Party Rights
Dispute Resolution
Governing Law
Relevant Industries
Relevant Teams
Relevant Roles
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