The Retainer Agreement For Consulting Services is essential when establishing long-term consulting relationships in Singapore. This document is typically used when a client requires regular access to consulting expertise rather than project-based engagements. It addresses key aspects such as monthly retainer fees, service scope, confidentiality, intellectual property rights, and compliance with Singapore regulations. The agreement provides clarity on the consultant's independent contractor status and includes necessary provisions for data protection, professional liability, and dispute resolution under Singapore law.
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Key Requirements PROMPT example:
Retainer Agreement For Consulting Services
"I need a Retainer Agreement For Consulting Services for my IT consulting firm to provide monthly cybersecurity advisory services to a Singapore-based fintech company, with a monthly retainer of SGD 15,000 starting from March 2025."
1. Parties: Identification of the consulting firm and the client, including full legal names and registered addresses
2. Background: Context of the agreement and brief description of the parties' intention to enter into a retainer arrangement
3. Definitions: Key terms used throughout the agreement defined for clarity and consistency
4. Scope of Services: Detailed description of consulting services to be provided under the retainer
5. Term and Renewal: Duration of the retainer agreement and renewal provisions
6. Fees and Payment Terms: Monthly retainer fee, payment schedule, and additional charges if applicable
7. Obligations of the Consultant: Key responsibilities and commitments of the consulting firm
8. Obligations of the Client: Client's responsibilities including provision of information and access
9. Confidentiality: Protection of confidential information exchanged during the engagement
10. Intellectual Property: Ownership and rights to work products and pre-existing IP
11. Termination: Conditions and process for ending the agreement
12. Governing Law: Specification of Singapore law as governing law
1. Non-Compete: Restrictions on competitive activities, typically used when protecting against competitive threats is crucial
2. Force Majeure: Provisions for unforeseen circumstances, recommended for long-term or high-value services
3. Insurance: Requirements for professional indemnity insurance, important when services involve significant risks or regulatory requirements
4. Data Protection: PDPA compliance provisions for handling personal data
5. Anti-Corruption: Compliance with anti-corruption laws, particularly relevant when dealing with government entities or high-risk sectors
1. Schedule of Services: Detailed breakdown of services covered under the retainer
2. Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Service Levels: Performance metrics and service standards
4. Key Personnel: List of key consultants assigned to the engagement
5. Compliance Requirements: Specific regulatory or industry compliance requirements
Authors
Relevant legal definitions
Agreement
Affiliate
Business Day
Charges
Client
Client Materials
Commencement Date
Confidential Information
Consultant
Consulting Services
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Retainer Fee
Non-Compete Period
Personal Data
Pre-existing Materials
Professional Standards
Representatives
Retainer Period
Services
Service Levels
Term
Territory
Working Hours
Affiliate
Business Day
Charges
Client
Client Materials
Commencement Date
Confidential Information
Consultant
Consulting Services
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Retainer Fee
Non-Compete Period
Personal Data
Pre-existing Materials
Professional Standards
Representatives
Retainer Period
Services
Service Levels
Term
Territory
Working Hours
Clauses
Appointment
Term and Renewal
Scope of Services
Service Levels
Fees and Payment
Consultant Obligations
Client Obligations
Key Personnel
Intellectual Property
Confidentiality
Data Protection
Non-Compete
Non-Solicitation
Representations and Warranties
Limitation of Liability
Indemnification
Insurance
Force Majeure
Termination
Consequences of Termination
Assignment and Subcontracting
Independent Contractor Status
Notice
Entire Agreement
Amendment
Severability
Waiver
Governing Law
Dispute Resolution
Counterparts
Term and Renewal
Scope of Services
Service Levels
Fees and Payment
Consultant Obligations
Client Obligations
Key Personnel
Intellectual Property
Confidentiality
Data Protection
Non-Compete
Non-Solicitation
Representations and Warranties
Limitation of Liability
Indemnification
Insurance
Force Majeure
Termination
Consequences of Termination
Assignment and Subcontracting
Independent Contractor Status
Notice
Entire Agreement
Amendment
Severability
Waiver
Governing Law
Dispute Resolution
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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