The Accounting Retainer Agreement is essential for businesses seeking regular accounting services in Singapore. This document formalizes the professional relationship between accounting firms and their clients, outlining service scope, fees, and obligations while ensuring compliance with Singapore's regulatory framework. It's particularly relevant for businesses requiring ongoing financial management, tax compliance, and reporting services, providing clarity on deliverables and protecting both parties' interests under Singapore law.
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1. Parties: Identification of the accounting firm and client with their full legal names, registration numbers, and addresses
2. Background: Context of the engagement and purpose of the retainer agreement
3. Definitions: Key terms used throughout the agreement including specific accounting terminology
4. Scope of Services: Detailed description of accounting services to be provided under the retainer
5. Fees and Payment Terms: Retainer amount, billing schedule, payment conditions and methods
6. Term and Termination: Duration of agreement and circumstances under which either party may terminate
7. Confidentiality: Obligations regarding protection and handling of client information
1. Professional Indemnity: Liability limitations and professional insurance provisions for high-value or complex engagements
2. Force Majeure: Provisions for unforeseen circumstances affecting service delivery
3. Non-Solicitation: Restrictions on hiring firm's employees and other non-solicitation provisions
1. Schedule A - Detailed Services: Comprehensive breakdown of specific accounting services covered under the retainer
2. Schedule B - Fee Schedule: Detailed pricing structure, additional charges, and payment terms
3. Schedule C - Service Level Agreement: Performance metrics, response times, and service standards
4. Schedule D - Key Personnel: List of main team members assigned to the client's account
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