The General Retainer Agreement serves as a foundational document for establishing long-term professional relationships in England and Wales. It is particularly useful when parties anticipate an ongoing need for professional services rather than one-off engagements. This agreement typically includes provisions for regular payment (often monthly), priority access to services, and defined service levels. It's commonly used by professional service providers who want to secure regular income while providing clients with guaranteed access to their services. The agreement must comply with English contract law and relevant regulatory requirements specific to the professional sector involved.
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1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the retainer agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided under the retainer
5. Payment Terms: Retainer fee, payment schedule, and billing arrangements
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of the Parties: Responsibilities and duties of both parties
1. Service Levels: Specific performance metrics and standards - include when specific service standards need to be measured and maintained
2. Intellectual Property: Rights and ownership of created works - include when services involve creation of intellectual property
3. Data Protection: Specific data handling requirements - include when personal data processing is involved
4. Non-Compete: Restrictions on competitive activities - include when protecting against competition is necessary
1. Schedule of Services: Detailed breakdown of services covered by the retainer
2. Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Service Level Agreement: Detailed performance metrics and standards
4. Key Personnel: List of key staff assigned to provide services
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