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Retainers Agreement
"I need a Retainers Agreement for my IT consulting firm based in Amsterdam to provide ongoing technical support services to a medium-sized financial services company, including monthly reporting requirements and service level agreements, starting from March 2025."
1. Parties: Identification and details of the service provider and the client
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Scope of Services: Detailed description of the services to be provided under the retainer
5. Term and Renewal: Duration of the retainer agreement and renewal provisions
6. Retainer Fee and Payment Terms: Fee structure, payment schedule, and invoicing details
7. Service Provider's Obligations: Key responsibilities and commitments of the service provider
8. Client's Obligations: Key responsibilities and commitments of the client
9. Confidentiality: Provisions regarding confidential information handling and protection
10. Intellectual Property: Ownership and usage rights of any IP created during the service provision
11. Termination: Conditions and procedures for terminating the agreement
12. Limitation of Liability: Extent and limitations of service provider's liability
13. General Provisions: Standard clauses including notices, amendments, and governing law
14. Signatures: Execution block for both parties
1. Data Protection: Required when personal data processing is involved, detailing GDPR compliance measures
2. Service Levels: Include when specific performance metrics or response times are required
3. Non-Competition: Add when preventing the service provider from working with competitors is necessary
4. Insurance: Include when specific insurance requirements need to be maintained
5. Force Majeure: Add when specific provisions for unforeseen circumstances are needed
6. Anti-Corruption: Include for international agreements or when required by corporate policies
7. Assignment and Subcontracting: Add when these rights need to be specifically addressed
8. Dispute Resolution: Include when specific dispute resolution procedures are required beyond standard court jurisdiction
1. Schedule 1 - Detailed Service Description: Comprehensive breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Schedule 3 - Service Levels: Specific performance metrics and service level agreements if applicable
4. Schedule 4 - Key Personnel: List of key team members assigned to the client if applicable
5. Schedule 5 - Data Processing Agreement: Required when personal data processing is involved under GDPR
6. Appendix A - Contact Details: Contact information for key representatives from both parties
7. Appendix B - Reporting Templates: Standard templates for regular reporting if required
Authors
Legal Services
Professional Services
Consulting
Accounting
Marketing and Advertising
IT Services
Management Consulting
Financial Services
Business Advisory
Creative Services
Healthcare Services
Engineering Services
Public Relations
Human Resources
Legal
Finance
Procurement
Operations
Commercial
Business Development
Compliance
Professional Services
Account Management
Contract Administration
Managing Director
Legal Counsel
Chief Financial Officer
Procurement Manager
Contract Manager
Business Development Manager
Finance Director
Operations Manager
Professional Services Director
Account Manager
Compliance Officer
Project Manager
General Counsel
Senior Consultant
Commercial Director
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