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Non Refundable Retainer Agreement Template for India

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Key Requirements PROMPT example:

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."

Document background
The Non-Refundable Retainer Agreement is essential for professional service providers who require secure advance payments for their services in the Indian market. This document type is commonly used when a service provider needs to reserve time, resources, or capacity for a client, justifying the non-refundable nature of the payment. It is particularly relevant in professional services where providers need to ensure commitment from clients and manage their resource allocation effectively. The agreement must comply with Indian contract law principles, especially regarding consideration and enforceability of non-refundable payment terms. It typically includes comprehensive details about service scope, payment structure, and professional obligations, while incorporating necessary protections for both parties under Indian jurisdiction. This document is crucial for establishing clear expectations and legal obligations in professional service relationships where advance payments are required.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
































Clauses






























Relevant Industries

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

Relevant Teams

Legal

Finance

Business Development

Operations

Client Relations

Professional Services

Contracts Administration

Risk Management

Compliance

Corporate Affairs

Relevant Roles

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

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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