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Costs Agreement
"Need a Costs Agreement for my boutique corporate law firm in Singapore, covering both litigation and corporate advisory services, with specific provisions for success fees and third-party disbursements to be implemented from March 2025."
1. Parties: Identification of the law firm and client
2. Background: Context of the engagement and scope of legal services
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of legal services to be provided
5. Fee Structure: Billing rates, payment terms, and calculation methods
6. Payment Terms: Timeline and methods for payment
7. Professional Obligations: Law firm's duties and responsibilities
8. Termination: Conditions and process for ending the agreement
1. Third Party Costs: Details of disbursements and external costs, used when external services are anticipated
2. Conflicts of Interest: Disclosure of potential conflicts, used in complex matters with multiple parties
3. Insurance: Professional indemnity coverage details, used for high-risk matters
4. Confidentiality: Special confidentiality provisions, used for sensitive matters
1. Schedule of Rates: Detailed breakdown of hourly rates and fee calculations
2. Schedule of Team Members: List of lawyers and their roles on the matter
3. Cost Estimate: Detailed estimate of anticipated costs
4. Client Care Information: Standard information about client care and complaints procedures
Authors
Services
Fees
Client
Firm
Matter
Disbursements
Professional Fees
Billing Period
Partner
Invoice
Payment Terms
Business Day
Confidential Information
Engagement Letter
GST
Hourly Rate
Legal Practitioner
Matter Reference
Professional Conduct Rules
Responsible Partner
Scale of Costs
Third Party Costs
Trust Account
Trust Money
Professional Fees
Payment Terms
Disbursements
Billing Arrangements
Client Obligations
Professional Obligations
Confidentiality
Conflicts of Interest
File Retention
Trust Money
GST and Taxes
Termination
Professional Indemnity Insurance
Communication
Document Storage
Intellectual Property
Complaints Handling
Governing Law
Force Majeure
Assignment
Entire Agreement
Variation
Severability
Notices
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