The Hourly Retainer Agreement is designed for professional service providers in Singapore who wish to establish a formal arrangement for providing services on an hourly basis while securing a committed retainer. This document is particularly useful when regular, ongoing services are required but the exact scope or timing may vary. It includes essential elements such as service scope, hourly rates, minimum retainer amounts, billing procedures, and service delivery terms, all structured in compliance with Singapore's legal framework. The agreement provides both parties with clarity on their rights and obligations while maintaining the flexibility needed for professional service arrangements.
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1. Parties: Identification and details of the service provider and client
2. Background: Context of the agreement and brief description of the engagement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided
5. Fees and Payment Terms: Hourly rates, billing intervals, payment terms and expenses
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of the Parties: Key responsibilities of both service provider and client
8. Governing Law: Specification of Singapore law as governing law
1. Intellectual Property Rights: Ownership and rights to work product - include when creative or technical work is involved
2. Non-Competition: Restrictions on competing activities - include for specialized or sensitive industry sectors
3. Insurance: Required insurance coverage - include for high-risk services or when required by industry standards
4. Force Majeure: Provisions for unforeseen circumstances - include for longer-term arrangements or where service delivery might be affected by external factors
1. Schedule of Services: Detailed breakdown of services to be provided
2. Fee Schedule: Detailed breakdown of rates and charges
3. Key Personnel: List of key team members and their roles
4. Service Level Agreement: Performance metrics and standards for technical or ongoing services
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