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Costs Agreement
"I need a Costs Agreement for my law firm in Manila, specifically for corporate clients requiring ongoing legal services starting January 2025, with provisions for monthly retainer fees and additional charges for litigation services."
1. Parties: Identification of the law firm/legal practitioner and the client, including full legal names and addresses
2. Background: Context of the engagement and brief description of the legal matter requiring representation
3. Definitions: Key terms used throughout the agreement defined for clarity and legal certainty
4. Scope of Services: Detailed description of legal services to be provided and any specific exclusions
5. Professional Fees: Structure and rates of professional fees, including hourly rates if applicable
6. Billing and Payment Terms: Frequency of billing, payment methods, and payment deadlines
7. Disbursements and Other Charges: Details of additional costs and expenses that may be charged to the client
8. Client's Obligations: Client's responsibilities including providing information and instructions
9. Termination: Circumstances and process for ending the agreement by either party
10. Confidentiality: Obligations regarding confidential information and client privilege
11. Governing Law: Specification that Philippine law governs the agreement
12. Execution: Signature blocks and execution details
1. Conflict of Interest: Used when there's a need to address potential conflicts and how they will be managed
2. Trust Money: Include when client funds need to be held in trust accounts
3. Third Party Costs: Required when other professionals or counsel may need to be engaged
4. Insurance and Liability: Details of professional indemnity insurance and liability limitations
5. Dispute Resolution: Include when specific dispute resolution procedures are desired
6. Electronic Communications: Include when specific provisions about electronic communication and documentation are needed
7. Multiple Clients: Used when representing multiple clients in the same matter
8. Contingency Fees: Include when fees are contingent on outcome (where permitted by Philippine law)
1. Schedule 1 - Fee Schedule: Detailed breakdown of professional fees, hourly rates for different staff levels
2. Schedule 2 - Disbursements Schedule: List of typical disbursements and their standard charges
3. Schedule 3 - Team Members: List of key team members and their roles in providing the legal services
4. Appendix A - Client Information Form: Client details and matter-specific information
5. Appendix B - Verification of Client Identity: Documents required for client identification and verification
6. Appendix C - Scope of Work: Detailed description of the specific legal work to be undertaken
Authors
Legal Services
Financial Services
Real Estate
Manufacturing
Technology
Healthcare
Retail
Construction
Mining
Energy
Telecommunications
Transportation
Education
Professional Services
Legal
Finance
Compliance
Procurement
Risk Management
Corporate Secretariat
Operations
Executive Leadership
Business Development
Administration
Managing Partner
Legal Counsel
Chief Legal Officer
Compliance Officer
Corporate Secretary
Finance Director
Chief Financial Officer
Chief Executive Officer
Legal Operations Manager
Procurement Manager
Contract Administrator
Risk Manager
Business Development Manager
Practice Group Leader
Associate Lawyer
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