Document background
The Retainer Letter is a fundamental document in professional service relationships under Hong Kong law, used when establishing ongoing professional engagements rather than one-off service provisions. It serves multiple purposes: defining the scope of services, establishing fee arrangements, setting service levels, and ensuring regulatory compliance. This document is particularly important in Hong Kong's business environment where professional services often require formal documentation for regulatory and compliance purposes. The Retainer Letter typically includes provisions for confidentiality, data protection, and anti-money laundering compliance, reflecting Hong Kong's regulatory requirements. It's commonly used by professional service firms, consultancies, and individual practitioners who provide ongoing services to their clients, and can be adapted to various service types while maintaining its core purpose of establishing clear terms of engagement.
