The Flat Fee Retainer Agreement serves as a fundamental document for establishing ongoing professional relationships with predictable costs. This agreement, governed by English and Welsh law, is particularly useful when clients require regular access to professional services while maintaining budget certainty. It typically includes detailed service specifications, fixed payment terms, service levels, and duration of engagement. The document is commonly used by professional service providers who wish to offer their clients cost certainty while ensuring a steady revenue stream.
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1. Parties: Identifies and defines the contracting parties
2. Background: Sets out context and purpose of the agreement
3. Definitions: Defines key terms used throughout the agreement
4. Services: Details the scope of services to be provided under the retainer
5. Fees and Payment: Specifies retainer amount, payment terms and schedule
6. Term and Termination: Defines duration of the agreement and termination provisions
7. Obligations of the Parties: Lists key responsibilities of each party
8. Confidentiality: Sets out confidentiality obligations and restrictions
1. Data Protection: Details compliance with GDPR and Data Protection Act requirements when handling personal data
2. Intellectual Property: Addresses ownership and usage rights of any materials created during the engagement
3. Force Majeure: Provisions for handling unforeseen circumstances preventing performance
4. Anti-Bribery: Compliance provisions relating to anti-corruption laws and regulations
1. Schedule of Services: Detailed breakdown of services covered by the retainer
2. Fee Schedule: Detailed breakdown of fees and payment structure
3. Service Levels: Performance metrics and standards for service delivery
4. Key Personnel: List of key team members and their roles in delivering the services
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
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