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Business Retainer Agreement
"Need a Business Retainer Agreement for our IT consulting firm to provide ongoing technical support and maintenance services to a Singapore-based fintech startup, with monthly reporting requirements and specific service level agreements starting March 2025."
1. Parties: Identification and details of the service provider and 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 services to be provided under the retainer
5. Payment Terms: Retainer fee, payment schedule, and billing procedures
6. Term and Termination: Duration of agreement and termination provisions
7. Confidentiality: Protection of confidential information and trade secrets
8. Governing Law: Specification of Singapore law as governing law
1. Service Levels: Specific performance metrics and standards - use when specific deliverables or performance metrics need to be measured
2. Intellectual Property: Ownership and usage rights of IP created during service provision - use when services involve creation of intellectual property
3. Data Protection: PDPA compliance and data handling procedures - use when personal data processing is involved
4. Non-Compete: Restrictions on competitive activities - use when protecting against competition is crucial
5. Force Majeure: Provisions for unforeseeable circumstances - use when long-term commitments are involved
1. Schedule of Services: Detailed breakdown of services covered under the retainer
2. Fee Schedule: Detailed breakdown of fees, rates, and payment terms
3. Service Level Agreement: Specific performance metrics and standards
4. Key Personnel: List of key team members and their roles
5. Compliance Requirements: Industry-specific compliance requirements and certifications
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