Standard Fee Agreement Template for Malaysia

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Key Requirements PROMPT example:

Standard Fee Agreement

"I need a Standard Fee Agreement for my management consulting firm in Malaysia to provide strategic advisory services to a multinational corporation, with monthly retainer fees of RM 25,000 starting from March 2025, including comprehensive confidentiality provisions and performance metrics."

Document background
This Standard Fee Agreement is designed for use in the Malaysian business environment where professional services are being provided on a fee-based arrangement. The document serves as a foundational agreement between service providers and their clients, establishing clear terms for service delivery, payment obligations, and mutual responsibilities. It incorporates essential elements required under Malaysian law, including compliance with the Contracts Act 1950, Consumer Protection Act 1999, and relevant tax legislation. This agreement is particularly useful for businesses and professionals who provide regular services and require a standardized approach to fee arrangements while maintaining flexibility for specific service requirements and client needs. The document includes comprehensive provisions for scope definition, payment terms, service standards, and dispute resolution mechanisms, making it suitable for both straightforward and complex service arrangements.
Suggested Sections

1. Parties: Identification and details of the service provider and client, including registration numbers and addresses

2. Background: Context of the agreement and brief description of the services to be provided

3. Definitions: Definitions of key terms used throughout the agreement

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

5. Fees and Payment Terms: Structure of fees, payment schedule, and payment methods

6. Service Provider's Obligations: Key responsibilities and commitments of the service provider

7. Client's Obligations: Key responsibilities and commitments of the client

8. Term and Termination: Duration of the agreement and conditions for termination

9. Confidentiality: Obligations regarding confidential information

10. Taxation: Treatment of applicable taxes including SST

11. Governing Law: Specification of Malaysian law as governing law and jurisdiction

12. Execution: Signature blocks and execution details

Optional Sections

1. Intellectual Property Rights: Include when services involve creation or use of intellectual property

2. Force Majeure: Include for long-term service arrangements to address unforeseen circumstances

3. Insurance: Include when specific insurance coverage is required for the services

4. Assignment: Include when transfer of rights needs to be restricted or permitted

5. Dispute Resolution: Include when specific dispute resolution mechanisms (e.g., arbitration) are preferred

6. Service Levels: Include when specific performance metrics need to be maintained

7. Data Protection: Include when personal data processing is involved in service delivery

Suggested Schedules

1. Schedule 1 - Detailed Scope of Services: Comprehensive breakdown of services to be provided

2. Schedule 2 - Fee Structure: Detailed breakdown of fees, rates, and charging mechanisms

3. Schedule 3 - Payment Schedule: Timeline and milestones for payment

4. Schedule 4 - Service Level Requirements: Specific metrics and standards for service delivery

5. Appendix A - Required Documents: List of documents required from client for service delivery

6. Appendix B - Contact Details: Key contact persons and their details for both parties

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 | Serial Founder & Legal AI Author

Clauses
Relevant Industries

Professional Services

Consulting

Legal Services

Financial Services

Information Technology

Business Advisory

Healthcare

Engineering

Architecture

Education and Training

Marketing and Advertising

Relevant Teams

Legal

Finance

Operations

Business Development

Compliance

Sales

Account Management

Administrative

Contract Management

Relevant Roles

Legal Counsel

Contract Manager

Business Development Manager

Finance Director

Operations Manager

Project Manager

Compliance Officer

Managing Director

Chief Financial Officer

Professional Service Provider

Account Manager

Sales Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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