The Retainer Fee Agreement is essential for establishing long-term professional service arrangements in Singapore. This document is typically used when a client requires regular access to professional services and wants to secure priority attention and predictable costs. It outlines the scope of retained services, fee structure, service levels, and compliance requirements under Singapore law. The agreement provides clarity on what services are included within the retainer and how additional services will be handled, while ensuring compliance with Singapore's professional services regulations and industry-specific requirements.
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1. Parties: Identification of service provider and client with full legal names and addresses
2. Background: Context of the retainer arrangement and brief description of services required
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided under the retainer
5. Retainer Fee Structure: Amount, payment schedule, and what's included/excluded in the retainer fee
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of the Parties: Responsibilities of both service provider and client
8. Confidentiality: Provisions regarding handling of confidential information
1. Additional Services: Terms for services beyond the retainer scope - use when additional services might be required beyond the basic retainer
2. Performance Metrics: Specific KPIs or service levels - use when measurable performance standards are required
3. Intellectual Property: Ownership and usage rights of work products - use when creative or proprietary work is involved
4. Insurance: Insurance requirements and coverage details - use when specific insurance coverage is necessary
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 Level Agreement: Specific performance metrics and service standards
4. Key Personnel: List of key team members and their roles
5. Communication Protocol: Procedures for regular communications and reporting
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