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Monthly Retainer Consulting Agreement
"I need a Monthly Retainer Consulting Agreement governed by Belgian law for providing IT transformation services to a financial services client, with a monthly retainer of 鈧15,000 and specific data protection provisions for handling sensitive financial information."
1. Parties: Identification of the Consultant and the Client, including full legal names, registered addresses, and company registration numbers if applicable
2. Background: Context of the agreement, brief description of the Client's business and Consultant's expertise
3. Definitions: Key terms used throughout the agreement including 'Services', 'Retainer Fee', 'Intellectual Property', 'Confidential Information'
4. Scope of Services: Detailed description of consulting services to be provided under the monthly retainer
5. Term and Termination: Duration of the agreement, renewal terms, and termination provisions including notice periods
6. Fees and Payment Terms: Monthly retainer amount, payment schedule, expenses, and invoicing procedures
7. Obligations of the Consultant: Consultant's commitments, service standards, and availability requirements
8. Obligations of the Client: Client's responsibilities, including provision of information and cooperation
9. Intellectual Property Rights: Ownership and usage rights of materials created during the engagement
10. Confidentiality: Protection of confidential information exchanged during the engagement
11. Data Protection: GDPR compliance and data handling procedures
12. Liability and Indemnification: Limitation of liability and indemnification provisions
13. General Provisions: Standard clauses including notices, amendments, severability, and governing law
1. Non-Compete: Restrictions on Consultant's ability to work with competitors, only needed if operating in sensitive or competitive industries
2. Non-Solicitation: Prevents solicitation of employees or clients, relevant for consultants with significant client contact
3. Insurance: Professional liability insurance requirements, important for high-risk or regulated industries
4. Service Levels: Specific performance metrics and standards, needed for more structured consulting arrangements
5. Dispute Resolution: Mediation or arbitration procedures, recommended for high-value contracts
6. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
7. Assignment: Rights to transfer the agreement, important for larger consulting firms
8. Subcontracting: Terms for engaging other consultants, relevant if subcontracting might be needed
1. Schedule 1 - Scope of Services: Detailed breakdown of services covered under the retainer
2. Schedule 2 - Fee Schedule: Detailed fee structure, including hourly rates for work beyond retainer scope
3. Schedule 3 - Service Levels: Specific performance metrics and response times if applicable
4. Schedule 4 - Key Personnel: List of main consultants and their qualifications if specific expertise is required
5. Appendix A - Data Processing Agreement: GDPR-compliant data processing terms if personal data is processed
6. Appendix B - Confidentiality Agreement: Detailed confidentiality terms if extensive proprietary information is shared
Authors
Professional Services
Management Consulting
IT Consulting
Financial Services
Healthcare
Engineering
Marketing and Advertising
Legal Services
Business Strategy
Human Resources
Digital Transformation
Sustainability Consulting
Legal
Procurement
Finance
Human Resources
Operations
Business Development
Project Management Office
Commercial
Risk Management
Compliance
Chief Executive Officer
Chief Financial Officer
Legal Counsel
Procurement Manager
Operations Director
Human Resources Director
Project Manager
Business Development Manager
Independent Consultant
Management Consultant
Department Head
Commercial Director
Chief Operating Officer
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