Retainer Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Retainer Fee Agreement

"Need a Retainer Fee Agreement for our digital marketing agency to provide ongoing social media management services to a Singapore-based fintech startup, with monthly reporting requirements and specific KPIs for engagement metrics."

Document background
The Retainer Fee Agreement is essential for establishing long-term professional service arrangements in Singapore. This document is typically used when a client requires regular access to professional services and wants to secure priority attention and predictable costs. It outlines the scope of retained services, fee structure, service levels, and compliance requirements under Singapore law. The agreement provides clarity on what services are included within the retainer and how additional services will be handled, while ensuring compliance with Singapore's professional services regulations and industry-specific requirements.
Suggested Sections

1. Parties: Identification of service provider and client with full legal names and addresses

2. Background: Context of the retainer arrangement and brief description of services required

3. Definitions: Key terms used throughout the agreement

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

5. Retainer Fee Structure: Amount, payment schedule, and what's included/excluded in the retainer fee

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

7. Obligations of the Parties: Responsibilities of both service provider and client

8. Confidentiality: Provisions regarding handling of confidential information

Optional Sections

1. Additional Services: Terms for services beyond the retainer scope - use when additional services might be required beyond the basic retainer

2. Performance Metrics: Specific KPIs or service levels - use when measurable performance standards are required

3. Intellectual Property: Ownership and usage rights of work products - use when creative or proprietary work is involved

4. Insurance: Insurance requirements and coverage details - use when specific insurance coverage is necessary

Suggested Schedules

1. Schedule of Services: Detailed breakdown of services covered under the retainer

2. Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Service Level Agreement: Specific performance metrics and service standards

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

5. Communication Protocol: Procedures for regular communications and reporting

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

Civil Law Act (Cap. 43): Primary legislation governing contract law principles in Singapore, establishing the fundamental rules for contract formation, validity, and enforcement

Legal Profession Act (Cap. 161): Regulates legal practice in Singapore, including professional conduct, client relationships, and fee arrangements

Legal Profession (Professional Conduct) Rules 2015: Specific rules governing professional conduct of lawyers, including guidelines on fee arrangements and client relationships

Consumer Protection (Fair Trading) Act: Ensures fair trading practices and protects consumers' interests in service agreements

Goods and Services Tax Act: Governs the application and collection of GST on professional services in Singapore

Electronic Transactions Act: Provides legal framework for electronic transactions and digital signatures in contracts

Personal Data Protection Act 2012 (PDPA): Governs the collection, use, and disclosure of personal data, ensuring client information protection

Mediation Act 2017: Provides framework for mediation proceedings in Singapore, relevant for dispute resolution clauses

Arbitration Act: Governs arbitration proceedings in Singapore, important for alternative dispute resolution provisions

Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits) Act: Contains anti-money laundering provisions relevant to professional service providers

Law of Contract (Right of Third Parties) Act: Governs the rights of third parties in contractual arrangements

Supreme Court of Judicature Act: Establishes jurisdiction and powers of Singapore courts in contract disputes

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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