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Retainer For Services Agreement Template for Singapore

A Retainer For Services Agreement under Singapore law establishes a continuous professional relationship where one party agrees to provide ongoing services to another for a set fee, typically paid in advance or on a recurring basis. This agreement is governed by Singapore contract law and includes provisions for scope of services, payment terms, service levels, and termination conditions, while ensuring compliance with Singapore's regulatory framework including the Contract Act and relevant industry regulations.

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What is a Retainer For Services Agreement?

The Retainer For Services Agreement is essential for businesses seeking to establish long-term professional service relationships in Singapore. This document is commonly used when a client requires regular access to professional services and wants to secure priority attention and guaranteed availability. The agreement typically specifies monthly or quarterly retainer fees, service scope, response times, and resource allocation. Under Singapore law, this contract type must carefully distinguish between contractor and employment relationships while adhering to local contract law principles and industry-specific regulations. The agreement provides certainty in pricing and service delivery while offering flexibility in service utilization.

What sections should be included in a Retainer For Services Agreement?

1. Parties: Identification and details of the service provider and client

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Fees and Payment Terms: Retainer amount, payment schedule, and billing procedures

7. Obligations of the Parties: Rights and responsibilities of both parties

8. Confidentiality: Protection of confidential information and trade secrets

9. Termination: Conditions and procedures for ending the agreement

10. Governing Law and Jurisdiction: Specification of Singapore law and jurisdiction

What sections are optional to include in a Retainer For Services Agreement?

1. Non-Compete: Restrictions on competitive activities when protecting business interests is crucial

2. Service Levels: Specific performance metrics and standards for technical or measurable services

3. Intellectual Property: Ownership and rights to created works when creative or technical outputs are involved

4. Data Protection: PDPA compliance requirements when personal data processing is involved

5. Force Majeure: Provisions for unforeseeable circumstances preventing contract performance

6. Insurance: Insurance requirements and coverage specifications when specific risks need to be managed

What schedules should be included in a Retainer For Services Agreement?

1. Schedule 1 - Scope of Services: Detailed breakdown of services to be provided under the retainer

2. Schedule 2 - Fee Schedule: Detailed breakdown of retainer fees, payment structure, and additional charges

3. Schedule 3 - Service Level Agreement: Specific performance metrics, response times, and service requirements

4. Schedule 4 - Key Personnel: List of key team members, their roles, and contact information

5. Schedule 5 - Reporting Requirements: Format and frequency of progress reports and performance metrics

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Singapore

Publisher

Genie AI

Document Type

Retainer Agreement

Cost

Free to use

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