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Monthly Retainer Agreement
"I need a Monthly Retainer Agreement for my Dubai-based management consulting firm to provide strategic advisory services to a multinational client, starting January 2025, with monthly reports and quarterly strategy sessions included in the scope."
1. Parties: Identifies and provides full details of the service provider and client, including trade licenses and registered addresses
2. Background: Contextual information explaining the purpose of the retainer arrangement and the general nature of services to be provided
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Scope of Services: Detailed description of the services covered under the retainer arrangement
5. Term and Renewal: Duration of the agreement and provisions for renewal or extension
6. Retainer Fees and Payment Terms: Monthly fee structure, payment schedule, and payment methods compliant with UAE banking regulations
7. Service Provider's Obligations: Key responsibilities and commitments of the service provider
8. Client's Obligations: Key responsibilities and commitments of the client
9. Confidentiality: Provisions for handling confidential information and trade secrets
10. Intellectual Property Rights: Ownership and usage rights of any IP created during the service provision
11. Limitation of Liability: Extent and limitations of service provider's liability under UAE law
12. Termination: Grounds and procedures for terminating the agreement
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
14. Notices: Procedures for formal communications between parties
15. General Provisions: Standard boilerplate clauses including severability, entire agreement, and amendments
1. Additional Services: Used when there's a need to specify services available beyond the standard retainer scope and associated fees
2. Service Levels: Include when specific performance metrics or response times need to be guaranteed
3. Insurance: Required when specific insurance coverage needs to be maintained by either party
4. Non-Compete: Include when restricting the service provider from working with competitors
5. Force Majeure: Optional but recommended clause addressing unforeseeable circumstances that prevent performance
6. Data Protection: Required when personal data processing is involved in service delivery
7. Subcontracting: Include when the service provider may need to engage subcontractors
8. Currency and Tax Provisions: Required for international arrangements or when VAT implications need to be specified
1. Schedule 1 - Detailed Scope of Services: Comprehensive breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of monthly fees, additional charges, and payment terms
3. Schedule 3 - Service Level Requirements: Specific metrics, response times, and performance standards if applicable
4. Schedule 4 - Key Personnel: Details of key team members assigned to provide the services
5. Schedule 5 - Required Reports and Deliverables: List and format of regular reports or deliverables to be provided
6. Appendix A - Communication Protocols: Procedures for day-to-day communications and escalation paths
7. Appendix B - Compliance Requirements: Any specific regulatory or industry compliance requirements applicable to the services
Authors
Additional Services
Business Day
Confidential Information
Client
Client Materials
Commencement Date
Deliverables
Fees
Force Majeure Event
Initial Term
Intellectual Property Rights
Key Personnel
Monthly Report
Notice
Professional Standards
Retainer Fee
Renewal Term
Services
Service Provider
Service Level Requirements
Term
Territory
UAE
Working Hours
Term and Duration
Services
Service Provider Obligations
Client Obligations
Fees and Payment
Key Personnel
Intellectual Property
Confidentiality
Data Protection
Non-Competition
Non-Solicitation
Representations and Warranties
Indemnification
Limitation of Liability
Force Majeure
Termination
Consequences of Termination
Assignment and Subcontracting
Amendments
Notices
Severability
Waiver
Third Party Rights
Entire Agreement
Governing Law
Dispute Resolution
Professional Services
Legal Services
Management Consulting
IT Services
Marketing and Advertising
Public Relations
Business Advisory
Financial Services
Creative Services
Engineering Consulting
Healthcare Consulting
Education Services
Real Estate Advisory
Human Resources Services
Legal
Finance
Operations
Procurement
Commercial
Business Development
Compliance
Project Management
Account Management
Administrative
Contract Management
Legal Counsel
Chief Executive Officer
Managing Director
Operations Manager
Finance Director
Commercial Director
Business Development Manager
Procurement Manager
Contract Manager
Project Manager
Account Director
Chief Financial Officer
General Manager
Compliance Officer
Department Head
Professional Services Director
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