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Retainer Agreement
"I need a Retainer Agreement for my Singapore-based IT consulting firm to provide ongoing technical support services to a multinational client, with monthly billing of SGD 15,000 starting from March 2025, including strict data protection and confidentiality provisions."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the retainer arrangement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided
5. Fees and Payment Terms: Retainer fee structure, payment schedule, and methods
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of Parties: Responsibilities of both service provider and client
8. Confidentiality: Provisions for handling confidential information
9. Governing Law and Jurisdiction: Specification of Singapore law and jurisdiction
1. Intellectual Property Rights: IP ownership and usage rights - include when services involve creation of intellectual property
2. Non-Competition: Restrictions on competitive activities - include when protecting business interests is crucial
3. Force Majeure: Provisions for unforeseen circumstances - include for long-term or high-value services
4. Insurance: Insurance requirements and coverage - include when services involve significant risks
5. Data Protection: PDPA compliance provisions - include when personal data processing is involved
1. Schedule 1 - Scope of Services: Detailed breakdown of services to be provided under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, payment structure, and billing arrangements
3. Schedule 3 - Service Level Agreement: Performance metrics and service standards
4. Schedule 4 - Key Personnel: List of key team members and their roles in service delivery
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