Monthly Retainer Consulting Agreement Template for Singapore

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Key Requirements PROMPT example:

Monthly Retainer Consulting Agreement

"I need a Monthly Retainer Consulting Agreement for our Singapore-based technology company to engage a cybersecurity consultant for ongoing system audits and vulnerability assessments, with a monthly fee of SGD 8,000 and strong IP protection clauses."

Document background
The Monthly Retainer Consulting Agreement is essential for businesses in Singapore seeking to establish long-term consulting relationships with predictable scope and cost structures. This document is particularly relevant when regular, ongoing services are required rather than project-based work. It addresses key aspects including service scope, monthly fees, confidentiality, intellectual property rights, and clearly defines the consultant's independent contractor status under Singapore law. The agreement ensures compliance with local regulations while protecting both parties' interests in a continuing professional relationship.
Suggested Sections

1. Parties: Identification and details of the contracting parties

2. Background: Context and purpose of the consulting arrangement

3. Definitions: Key terms used throughout the agreement

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

5. Term and Termination: Duration of agreement and termination provisions

6. Fees and Payment Terms: Monthly retainer amount, payment schedule, and expenses

7. Confidentiality: Protection of confidential information

8. Independent Contractor Status: Clarification of relationship between parties

Optional Sections

1. Non-Compete: Restrictions on competing activities, used when protecting business interests is crucial

2. Intellectual Property Rights: Ownership and transfer of IP created during engagement, used when consultant will create IP during service provision

3. Insurance Requirements: Professional indemnity and other insurance obligations, used when services involve significant risk or regulatory requirements

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of services and deliverables

2. Schedule B - Fee Schedule: Detailed breakdown of fees, expenses, and payment terms

3. Schedule C - Key Personnel: List of approved consultant personnel, used when specific individuals are critical to service delivery

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

Industries

Contract Law: Chapter 53A of Singapore Statutes - fundamental legislation governing contract formation, validity, and enforcement

Employment Act: Chapter 91 - Must be considered to ensure clear distinction between consulting arrangement and employment relationship

Personal Data Protection Act 2012: Regulates collection, use, and disclosure of personal data; crucial for data handling provisions in the agreement

Income Tax Act: Governs tax obligations and considerations for consulting fees and payments

Goods and Services Tax Act: Relevant for GST registration and charging requirements if applicable to the consulting services

Competition Act: Relevant for structuring non-compete and restrictive covenant provisions

Copyright Act: Governs intellectual property rights related to any works created during the consulting engagement

Patents Act: Relevant for protection and ownership of any inventions or innovations developed during the consultation

Trade Marks Act: Pertains to use and protection of trademarks in the context of consulting services

Common Law Principles: Including doctrine of consideration, rules of contract formation, and principles of contractual interpretation

Industry-Specific Regulations: Any specific regulatory requirements applicable to the consultant's industry or profession

MAS Guidelines: Monetary Authority of Singapore guidelines if the consulting services relate to financial sector

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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