Professional Services Retainer Agreement Template for Singapore

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Key Requirements PROMPT example:

Professional Services Retainer Agreement

"Need a Professional Services Retainer Agreement for our Singapore-based IT consulting firm to provide ongoing technical support services to a multinational bank, starting March 2025, with specific provisions for data security and service level agreements."

Document background
The Professional Services Retainer Agreement is essential for businesses seeking to establish long-term professional service relationships in Singapore. This document is particularly valuable when regular or recurring professional services are required, providing a framework for consistent service delivery and billing arrangements. The agreement addresses key aspects including scope of services, payment terms, professional standards, and compliance with Singapore regulations. It's designed to protect both parties' interests while ensuring clarity in professional service delivery expectations and obligations.
Suggested Sections

1. Parties: Identification and details of contracting parties

2. Background: Context and purpose of the agreement

3. Definitions: Key terms used throughout the agreement

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

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

6. Fees and Payment Terms: Compensation structure and payment details

7. Obligations of the Parties: Key responsibilities of service provider and client

Optional Sections

1. Service Levels: Specific performance metrics and standards - include when specific performance metrics need to be measured

2. Intellectual Property: IP ownership and licensing provisions - include when services involve creation of intellectual property

3. Data Protection: PDPA compliance provisions - include when personal data processing is involved

4. Non-Compete: Competition restrictions - include when protecting against competitive activities is necessary

Suggested Schedules

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

2. Fee Schedule: Detailed pricing structure and payment terms

3. Service Levels Schedule: Specific performance metrics and measurement criteria

4. Key Personnel Schedule: List of key team members and their roles

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

Relevant legal definitions
Clauses
Industries

Contract Law: Chapter 53 of Singapore Statutes and Common Law principles governing formation and enforcement of contracts

Civil Law Act: Chapter 43 of Singapore Statutes providing fundamental rules for civil matters and contractual relationships

Employment Act: Chapter 91 - Important for distinguishing between employment and independent contractor relationships

Central Provident Fund Act: Relevant for explicitly excluding CPF obligations in independent contractor arrangements

Work Injury Compensation Act: To be addressed in terms of liability and insurance requirements for independent contractors

Personal Data Protection Act 2012: Governs collection, use, disclosure and care of personal data in Singapore

PDPA Regulations 2021: Updated regulations regarding data protection obligations and compliance requirements

Goods and Services Tax Act: Relevant for GST registration and charging requirements in professional services

Income Tax Act: Taxation implications for professional services and withholding tax requirements

Copyright Act: Protection and ownership of intellectual property created during service provision

Patents Act: Relevant for innovations or inventions developed during professional services

Trade Marks Act: Protection of marks and brands in professional services context

Electronic Transactions Act: Governs validity of electronic contracts and digital signatures

Arbitration Act: Framework for arbitration as dispute resolution mechanism

Mediation Act: Framework for mediation as alternative dispute resolution

Competition Act: Relevant for non-compete clauses and restraint of trade provisions

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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