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Retainer For Services Agreement

Retainer For Services Agreement Template for Singapore

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Key Requirements PROMPT example:

Retainer For Services Agreement

"I need a Retainer For Services Agreement under Singapore law for my IT consulting firm to provide ongoing technical support and maintenance services to a multinational client, with monthly retainer fees of SGD 15,000 and specific service level agreements for response times, starting from March 2025."

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Document background
The Retainer For Services Agreement is essential for businesses seeking to establish long-term professional service relationships in Singapore. This document is commonly used when a client requires regular access to professional services and wants to secure priority attention and guaranteed availability. The agreement typically specifies monthly or quarterly retainer fees, service scope, response times, and resource allocation. Under Singapore law, this contract type must carefully distinguish between contractor and employment relationships while adhering to local contract law principles and industry-specific regulations. The agreement provides certainty in pricing and service delivery while offering flexibility in service utilization.
Suggested Sections

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

5. Term and Renewal: Duration of the agreement and renewal provisions

6. Fees and Payment Terms: Retainer amount, payment schedule, and billing procedures

7. Obligations of the Parties: Rights and responsibilities of both parties

8. Confidentiality: Protection of confidential information and trade secrets

9. Termination: Conditions and procedures for ending the agreement

10. Governing Law and Jurisdiction: Specification of Singapore law and jurisdiction

Optional Sections

1. Non-Compete: Restrictions on competitive activities when protecting business interests is crucial

2. Service Levels: Specific performance metrics and standards for technical or measurable services

3. Intellectual Property: Ownership and rights to created works when creative or technical outputs are involved

4. Data Protection: PDPA compliance requirements when personal data processing is involved

5. Force Majeure: Provisions for unforeseeable circumstances preventing contract performance

6. Insurance: Insurance requirements and coverage specifications when specific risks need to be managed

Suggested Schedules

1. Schedule 1 - Scope of Services: Detailed breakdown of services to be provided under the retainer

2. Schedule 2 - Fee Schedule: Detailed breakdown of retainer fees, payment structure, and additional charges

3. Schedule 3 - Service Level Agreement: Specific performance metrics, response times, and service requirements

4. Schedule 4 - Key Personnel: List of key team members, their roles, and contact information

5. Schedule 5 - Reporting Requirements: Format and frequency of progress reports and performance metrics

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























Clauses


































Industries

Contract Act (Cap. 53): Primary legislation governing contract formation, validity, and enforcement in Singapore

Unfair Contract Terms Act (Cap. 396): Regulates unfair terms in contracts and limits the extent to which liability can be excluded

Employment Act (Cap. 91): Relevant for distinguishing between contractor and employee relationships to avoid misclassification

Central Provident Fund Act: Important to clarify non-applicability for independent contractor relationships

Work Injury Compensation Act: Needs clarification of non-applicability for independent contractor arrangements

Income Tax Act: Governs tax obligations and considerations for service payments

Goods and Services Tax Act: Relevant for GST charging and compliance if applicable to the services

Personal Data Protection Act 2012: Regulates collection, use, and disclosure of personal data if handled under the agreement

Competition Act: Relevant for any non-compete or exclusivity clauses in the agreement

Copyright Act: Protects intellectual property rights in created works under the service arrangement

Patents Act: Governs rights related to inventions that may arise during service provision

Trade Marks Act: Relevant for protection of marks and brands used or created in services

Electronic Transactions Act: Governs electronic execution and validity of electronic contracts

Limitation Act: Sets time limits for bringing legal claims and affects dispute resolution provisions

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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