The Retainer Form is essential for formalizing professional relationships between legal service providers and their clients in Singapore. This document is required when establishing ongoing legal representation and must comply with Singapore's Legal Profession Act and associated regulations. The form typically includes detailed fee structures, scope of services, confidentiality provisions, and conflict of interest declarations. It serves as a foundational document for legal engagements, protecting both the law firm's and client's interests while ensuring regulatory compliance in the Singapore legal market.
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1. Parties: Identification of the law firm and client, including full legal names and addresses
2. Background: Context of the engagement and nature of the legal relationship
3. Definitions: Key terms used in the retainer agreement
4. Scope of Services: Detailed description of legal services to be provided under the retainer
5. Fee Structure: Billing rates, payment terms, disbursements and retainer amount details
6. Confidentiality: Obligations regarding client information and confidential materials
7. Termination: Conditions and process for ending the retainer relationship
1. Conflict of Interest: Provisions for disclosure and handling of potential conflicts with other clients
2. Document Retention: Policies for maintaining client files and documents after engagement
3. Intellectual Property: Terms regarding ownership of work product and materials created during engagement
4. Anti-Money Laundering Compliance: Provisions relating to AML obligations and client due diligence requirements
1. Schedule A - Fee Schedule: Detailed breakdown of hourly rates, fixed fees, and billing arrangements
2. Schedule B - Team Structure: List of key personnel, their roles, and respective billing rates
3. Schedule C - Specific Matter Details: Detailed scope for specific matters or cases covered under the retainer
4. Schedule D - Standard Terms and Conditions: Additional terms and conditions governing the retainer relationship
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