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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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
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