This General Retainer Agreement is designed for use in professional service relationships where regular or ongoing services are required under Hong Kong law. It is particularly suitable for situations where a client wishes to secure priority access to a service provider's expertise and resources, typically with a predetermined fee structure. The document addresses key aspects of the professional relationship including service scope, fee arrangements, confidentiality obligations, and performance standards, while ensuring compliance with Hong Kong legal requirements and professional standards. The agreement is commonly used by professional service firms, consultants, and advisors who provide ongoing services to corporate or individual clients, and includes specific provisions for the Hong Kong business environment and legal framework.
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1. Parties: Identifies and defines the parties entering into the retainer agreement
2. Background: Provides context for the retainer relationship and brief description of the parties' intentions
3. Definitions: Defines key terms used throughout the agreement
4. Scope of Services: Details the specific services covered under the retainer arrangement
5. Term and Renewal: Specifies the duration of the agreement and renewal terms
6. Fees and Payment Terms: Outlines the retainer fee structure, payment schedule, and billing procedures
7. Obligations of Service Provider: Lists the responsibilities and duties of the service provider
8. Client Responsibilities: Specifies the client's obligations and responsibilities
9. Confidentiality: Details confidentiality obligations and handling of sensitive information
10. Intellectual Property: Addresses ownership and usage rights of any IP created during the engagement
11. Termination: Specifies circumstances and procedures for ending the agreement
12. Liability and Indemnification: Sets out liability limitations and indemnification provisions
13. General Provisions: Including governing law, notices, entire agreement, and amendment procedures
1. Non-Compete: Restricts the service provider from working with competitors - include when exclusivity is required
2. Force Majeure: Addresses unforeseeable circumstances preventing fulfillment of obligations - important in long-term retainers
3. Insurance: Specifies required insurance coverage - include when services involve significant risks
4. Data Protection: Detailed data handling procedures - include when significant personal or sensitive data is involved
5. Dispute Resolution: Specifies mediation or arbitration procedures - include when parties prefer alternative dispute resolution
6. Assignment: Controls ability to transfer rights and obligations - include when assignment rights are important
7. Key Personnel: Identifies specific individuals responsible for service delivery - include when personal service is crucial
1. Schedule 1 - Scope of Services: Detailed breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed fee structure, rates, and payment terms
3. Schedule 3 - Service Levels: Specific performance metrics and service standards
4. Schedule 4 - Key Personnel: Lists key team members and their roles
5. Appendix A - Communication Protocol: Procedures for routine communications and escalations
6. Appendix B - Reporting Requirements: Ƶ and timing for required reports
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