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Hourly Retainer Agreement
"I need an Hourly Retainer Agreement for my IT consulting firm based in Singapore to engage a cybersecurity specialist for 20 hours per month at $250 per hour, starting March 2025, with strict confidentiality and data protection provisions."
1. Parties: Identification and details of the service provider and client
2. Background: Context of the agreement and brief description of the engagement
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of services to be provided
5. Fees and Payment Terms: Hourly rates, billing intervals, payment terms and expenses
6. Term and Termination: Duration of agreement and termination provisions
7. Obligations of the Parties: Key responsibilities of both service provider and client
8. Governing Law: Specification of Singapore law as governing law
1. Intellectual Property Rights: Ownership and rights to work product - include when creative or technical work is involved
2. Non-Competition: Restrictions on competing activities - include for specialized or sensitive industry sectors
3. Insurance: Required insurance coverage - include for high-risk services or when required by industry standards
4. Force Majeure: Provisions for unforeseen circumstances - include for longer-term arrangements or where service delivery might be affected by external factors
1. Schedule of Services: Detailed breakdown of services to be provided
2. Fee Schedule: Detailed breakdown of rates and charges
3. Key Personnel: List of key team members and their roles
4. Service Level Agreement: Performance metrics and standards for technical or ongoing services
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