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Non Refundable Retainer Agreement
"I need a Non-Refundable Retainer Agreement for my law firm to secure a monthly retainer of INR 150,000 from a corporate client, with the agreement starting from March 1, 2025, covering business advisory and legal consultation services."
1. Parties: Identification and details of the service provider and the client
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of professional services to be provided under the retainer
5. Retainer Fee Structure: Amount of retainer, payment terms, and explicit declaration of non-refundable nature
6. Service Provider's Obligations: Specific duties and responsibilities of the service provider
7. Client's Obligations: Responsibilities and commitments of the client
8. Term and Termination: Duration of the agreement and termination provisions
9. Non-Refundable Nature: Specific clause explaining the justification and terms of non-refundability
10. Confidentiality: Provisions for handling confidential information
11. Intellectual Property: Ownership and rights over work products
12. Limitation of Liability: Extent and limitations of service provider's liability
13. Governing Law and Jurisdiction: Applicable law and courts for dispute resolution
14. Entire Agreement: Integration clause confirming complete understanding between parties
1. Force Majeure: Provisions for unforeseen circumstances preventing performance
2. Assignment: Rights and restrictions regarding transfer of agreement obligations
3. Insurance: Requirements for professional liability insurance
4. Non-Compete: Restrictions on competitive activities
5. Severability: Provisions for maintaining validity if parts are found unenforceable
6. Alternative Dispute Resolution: Procedures for mediation or arbitration before litigation
7. Notice Requirements: Formal communication procedures between parties
1. Schedule A - Scope of Services: Detailed breakdown of services covered under the retainer
2. Schedule B - Fee Structure: Detailed breakdown of retainer fee, hourly rates, and additional charges
3. Schedule C - Service Level Agreement: Specific performance metrics and service standards
4. Schedule D - Key Personnel: List of key team members assigned to provide services
5. Appendix 1 - Communication Protocol: Procedures for routine communications and reporting
6. Appendix 2 - Compliance Requirements: Specific regulatory or professional standards to be maintained
Authors
Legal Services
Management Consulting
Financial Services
IT Consulting
Business Advisory
Professional Services
Architecture
Engineering Services
Design Services
Marketing Services
Public Relations
Healthcare Consulting
Human Resources
Legal
Finance
Business Development
Operations
Client Relations
Professional Services
Contracts Administration
Risk Management
Compliance
Corporate Affairs
Managing Director
Legal Counsel
Corporate Lawyer
Management Consultant
Business Advisor
Financial Consultant
Professional Services Director
Contracts Manager
Business Development Manager
Chief Executive Officer
Chief Financial Officer
Operations Director
Partnership Manager
Client Relations Manager
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