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Construction Retainer Agreement
"I need a Construction Retainer Agreement for my mid-sized construction company to provide ongoing renovation services to a commercial property developer, with specific provisions for emergency repairs and a minimum monthly retainer of £10,000 starting March 2025."
1. Parties: Identification and details of the contracting parties
2. Background: Context and purpose of the retainer agreement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of construction services to be provided
5. Payment Terms: Fee structure, payment schedule, and invoicing procedures
6. Duration and Termination: Term of agreement and termination provisions
7. Professional Obligations: Standards of service and professional conduct requirements
8. Insurance Requirements: Mandatory insurance coverage specifications
1. Intellectual Property Rights: IP ownership and licensing provisions - include when design work or creative services are involved
2. Force Majeure: Provisions for unforeseen circumstances - recommended for longer-term or high-value contracts
3. Dispute Resolution: Specific procedures for resolving disputes - recommended for complex projects or high-value contracts
1. Schedule of Services: Detailed breakdown of construction services to be provided
2. Fee Schedule: Detailed breakdown of fees and payment structure
3. Insurance Schedule: Details of required insurance policies and coverage levels
4. Key Personnel Schedule: List of key team members and their roles
5. Programme Schedule: Timeline and key milestones for the services
Authors
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