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Joint Retainer Agreement
"I need a Joint Retainer Agreement for three family members who are co-owners of a manufacturing business in Karachi, seeking legal representation for a major business acquisition planned for March 2025, with specific provisions for information sharing and decision-making processes."
1. Parties: Identification of all parties to the agreement, including the law firm and all joint clients
2. Background: Context of the joint representation, including the matter requiring legal services
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of legal services to be provided and any limitations
5. Joint Representation Terms: Specific provisions governing the joint nature of the representation
6. Conflicts of Interest: Acknowledgment and waiver of potential conflicts between joint clients
7. Fees and Expenses: Fee structure, cost-sharing arrangements, and payment terms
8. Communication Protocol: Guidelines for communications between law firm and joint clients
9. Confidentiality and Privilege: Handling of privileged information among joint clients
10. Term and Termination: Duration of agreement and circumstances for termination
11. Governing Law: Specification of Pakistani law as governing law and jurisdiction
12. Execution: Signature blocks for all parties
1. Dispute Resolution: Optional clause for mediation or arbitration process, recommended for complex joint representations
2. Insurance: Details of professional indemnity insurance, if specifically requested by clients
3. Successor Counsel: Provisions for transition to new counsel, relevant in complex matters
4. Intellectual Property: Relevant when legal services involve IP-related matters
5. Force Majeure: Circumstances beyond parties' control, optional but recommended
6. Assignment: Rights and restrictions regarding assignment of the agreement
1. Schedule 1 - Fee Schedule: Detailed breakdown of fees, hourly rates, and cost-sharing arrangements
2. Schedule 2 - Scope of Work: Detailed description of specific legal services to be provided
3. Schedule 3 - Authorized Representatives: List of individuals authorized to give instructions on behalf of joint clients
4. Appendix A - Conflict Waiver: Detailed conflict waiver form to be signed by all joint clients
5. Appendix B - Communication Protocols: Detailed procedures for communications and information sharing
Authors
Legal Services
Corporate
Real Estate
Banking and Finance
Manufacturing
Construction
Technology
Family Business
Joint Ventures
Professional Services
Legal
Compliance
Risk Management
Corporate Secretariat
Finance
Executive Leadership
Business Development
Operations
General Counsel
Legal Director
Chief Legal Officer
Company Secretary
Compliance Officer
Managing Partner
Senior Partner
Legal Operations Manager
Corporate Counsel
Business Development Director
Risk Manager
Chief Executive Officer
Chief Financial Officer
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