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The Retainership Contract is essential for establishing long-term professional service relationships in Pakistan's business environment. It is commonly used when a client requires regular access to professional services without the need for separate engagement agreements for each service instance. The document, governed by Pakistani law including the Contract Act 1872 and relevant professional regulations, typically specifies the scope of services, retainer fees, service delivery timeframes, and mutual obligations. This type of agreement is particularly valuable for businesses seeking consistent professional support while maintaining cost predictability and ensuring service availability. The contract should comply with local statutory requirements, professional body regulations, and include appropriate provisions for confidentiality, intellectual property rights, and dispute resolution.

1. Parties: Identification of the service provider and the client, including their full legal names, addresses, and registration details if applicable

2. Background: Context of the engagement and brief description of the parties' business relationship

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Scope of Services: Detailed description of the services to be provided under the retainership

5. Term and Renewal: Duration of the retainership agreement and conditions for renewal

6. Retainer Fee and Payment Terms: Amount of retainer fee, payment schedule, and method of payment

7. Obligations of the Service Provider: Specific duties, responsibilities, and service standards to be maintained

8. Client's Obligations: Client's responsibilities, including provision of information and cooperation

9. Confidentiality: Provisions for maintaining confidentiality of information shared during the engagement

10. Intellectual Property Rights: Ownership and usage rights of any intellectual property created during the service

11. Termination: Grounds and procedure for termination of the agreement

12. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and jurisdiction for disputes

13. Notices: Method and addresses for serving official notices under the agreement

14. Entire Agreement: Standard boilerplate confirming this document as the complete agreement between parties