Retainer Fee Agreement

Retainer Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

"Need a Retainer Fee Agreement for our digital marketing agency to provide ongoing social media management services to a Singapore-based fintech startup, with monthly reporting requirements and specific KPIs for engagement metrics."

What is a Retainer Fee Agreement?

The Retainer Fee Agreement is essential for establishing long-term professional service arrangements in Singapore. This document is typically used when a client requires regular access to professional services and wants to secure priority attention and predictable costs. It outlines the scope of retained services, fee structure, service levels, and compliance requirements under Singapore law. The agreement provides clarity on what services are included within the retainer and how additional services will be handled, while ensuring compliance with Singapore's professional services regulations and industry-specific requirements.

What sections should be included in a Retainer Fee Agreement?

1. Parties: Identification of service provider and client with full legal names and addresses

2. Background: Context of the retainer arrangement and brief description of services required

3. Definitions: Key terms used throughout the agreement

4. Scope of Services: Detailed description of services to be provided under the retainer

5. Retainer Fee Structure: Amount, payment schedule, and what's included/excluded in the retainer fee

6. Term and Termination: Duration of agreement and termination provisions

7. Obligations of the Parties: Responsibilities of both service provider and client

8. Confidentiality: Provisions regarding handling of confidential information

What sections are optional to include in a Retainer Fee Agreement?

1. Additional Services: Terms for services beyond the retainer scope - use when additional services might be required beyond the basic retainer

2. Performance Metrics: Specific KPIs or service levels - use when measurable performance standards are required

3. Intellectual Property: Ownership and usage rights of work products - use when creative or proprietary work is involved

4. Insurance: Insurance requirements and coverage details - use when specific insurance coverage is necessary

What schedules should be included in a Retainer Fee Agreement?

1. Schedule of Services: Detailed breakdown of services covered under the retainer

2. Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Service Level Agreement: Specific performance metrics and service standards

4. Key Personnel: List of key team members and their roles

5. Communication Protocol: Procedures for regular communications and reporting

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Legal Services
Consulting
Marketing and PR
IT Services
Accounting and Finance
Business Advisory
Design and Creative Services
Professional Services

Relevant Teams

Legal
Finance
Procurement
Operations
Business Development
Client Services
Professional Services
Administration
Compliance
Contract Management

Relevant Roles

Chief Executive Officer
Managing Director
Legal Counsel
Chief Financial Officer
Procurement Manager
Operations Director
Business Development Manager
Account Manager
Professional Services Director
Contract Manager

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Let's create your Retainer Fee Agreement

What is a Retainer Fee Agreement?

What sections should be included in a Retainer Fee Agreement?

What sections are optional to include in a Retainer Fee Agreement?

What schedules should be included in a Retainer Fee Agreement?

Authors

Alex Denne

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