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Retainer Fee Agreement
"I need a Retainer Fee Agreement for my IT consultancy firm based in Dubai to provide ongoing technical support services to a UAE government entity, with monthly payments of AED 50,000 starting from March 2025, including strict confidentiality and data protection provisions."
1. Parties: Identification of the service provider and client, including full legal names, addresses, and registration details
2. Background: Context of the agreement and brief description of the parties' intention to enter into a retainer arrangement
3. Definitions: Key terms used throughout the agreement, including 'Services', 'Retainer Fee', 'Term', etc.
4. Appointment: Formal appointment of the service provider and acceptance of the appointment
5. Term and Renewal: Duration of the agreement and provisions for renewal or extension
6. Scope of Services: Detailed description of the services to be provided under the retainer arrangement
7. Retainer Fee and Payment Terms: Fee structure, payment schedule, invoicing requirements, and payment methods
8. Service Provider's Obligations: Key responsibilities and commitments of the service provider
9. Client's Obligations: Key responsibilities and commitments of the client
10. Confidentiality: Obligations regarding confidential information and trade secrets
11. Intellectual Property: Ownership and rights related to work products and pre-existing IP
12. Termination: Circumstances and procedures for ending the agreement
13. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes
14. General Provisions: Standard boilerplate clauses including notices, amendments, and severability
1. Non-Competition: Restrictions on competing activities, if applicable to the professional relationship
2. Insurance: Requirements for professional indemnity or other relevant insurance coverage
3. Force Majeure: Provisions for unforeseen circumstances preventing performance
4. Data Protection: Specific provisions regarding handling of personal data and compliance with data protection laws
5. Service Levels: Specific performance metrics and standards, if applicable
6. Substitution: Rights and procedures for substituting personnel providing the services
7. Compliance with Laws: Specific regulatory compliance requirements for regulated industries
1. Schedule 1 - Scope of Services: Detailed breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, including any variable components and expenses
3. Schedule 3 - Service Levels: Detailed performance metrics and service standards if applicable
4. Schedule 4 - Key Personnel: List of key personnel assigned to provide the services
5. Appendix A - Contact Details: Contact information for key representatives of both parties
6. Appendix B - Reporting Requirements: Templates and specifications for required reports and updates
Authors
Legal Services
Financial Services
Consulting
Professional Services
Marketing and Advertising
Information Technology
Business Advisory
Healthcare
Real Estate
Architecture and Design
Engineering
Management Consulting
Public Relations
Corporate Services
Legal
Finance
Procurement
Compliance
Risk Management
Operations
Business Development
Client Services
Professional Services
Commercial
Legal Counsel
Corporate Lawyer
Contracts Manager
Procurement Manager
Finance Director
Chief Financial Officer
Managing Partner
Business Development Manager
Professional Services Director
Compliance Officer
Risk Manager
Operations Director
Client Relationship Manager
Practice Manager
Managing Director
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