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Monthly Retainer Contract Template for Singapore

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Key Requirements PROMPT example:

Monthly Retainer Contract

"I need a Monthly Retainer Contract for my digital marketing agency to provide social media management services to a Singapore-based fintech startup, with a monthly fee of SGD 5,000 starting from March 2025, including specific provisions for content approval processes and performance metrics."

Document background
The Monthly Retainer Contract is essential for businesses seeking to establish long-term professional service arrangements in Singapore. This document formalizes the relationship between service providers and clients, ensuring regular service delivery for a predetermined monthly fee. It addresses key aspects such as service scope, payment terms, confidentiality, and compliance with Singapore regulations. The contract is particularly valuable for ongoing professional relationships where consistent service delivery and pricing stability are priorities.
Suggested Sections

1. Parties: Details of the service provider and client, including registered addresses and company registration numbers

2. Background: Context of the agreement and brief description of why the parties are entering into this retainer arrangement

3. Definitions: Key terms used throughout the agreement and their meanings

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

5. Fees and Payment Terms: Monthly retainer amount, payment schedule, and billing procedures

6. Term and Termination: Duration of the agreement and circumstances for termination

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

8. Confidentiality: Protection of confidential information exchanged during the engagement

9. Governing Law: Specification of Singapore law as governing law and jurisdiction

Optional Sections

1. Intellectual Property Rights: Ownership and usage rights of IP created during the engagement - include when services involve creation of intellectual property

2. Data Protection: Compliance with PDPA and data handling procedures - include when personal data processing is involved

3. Non-Competition: Restrictions on competing activities - include when protecting against competitive activities is crucial

4. Force Majeure: Provisions for unforeseen circumstances preventing performance - include when long-term commitment needs protection against external events

5. Insurance: Required insurance coverage - include when services involve significant risks or regulatory requirements

Suggested Schedules

1. Schedule of Services: Detailed breakdown of services included in the retainer

2. Fee Schedule: Detailed breakdown of fees, including any additional charges

3. Service Level Agreement: Performance metrics and service standards

4. Key Personnel: List of key team members assigned to the engagement

5. Compliance Requirements: Any specific regulatory or industry compliance requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions





















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Industries

Civil Law Act (Cap. 43): Primary legislation governing contract formation and enforcement in Singapore, including basic principles of contract law

Employment Act (Cap. 91): Relevant if the retainer arrangement could be construed as an employment relationship, covering basic terms and working conditions

Central Provident Fund Act: mandatory if the arrangement is deemed employment-like, requiring social security contributions

Employment of Foreign Manpower Act: Applicable when engaging foreign service providers, ensuring compliance with work pass requirements

Income Tax Act: Governs taxation of payments under the retainer arrangement and related reporting obligations

Goods and Services Tax Act: Relevant for GST registration and charging requirements on retainer fees

Stamp Duties Act: May apply to certain contract documents requiring stamp duty payment

Personal Data Protection Act 2012: Governs the collection, use, and disclosure of personal data in the course of the retainer relationship

Electronic Transactions Act: Relevant for electronic execution and validity of digital contracts and signatures

Limitations Act: Sets time limits for bringing legal claims and should be considered in dispute resolution clauses

Competition Act: Ensures the retainer arrangement doesn't violate competition laws, particularly regarding exclusivity clauses

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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