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Limited Retainer Agreement Template for India

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Key Requirements PROMPT example:

Limited Retainer Agreement

"I need a Limited Retainer Agreement for my tech startup to engage a law firm for monthly legal advisory services starting January 2025, focusing on intellectual property matters and regulatory compliance, with clear provisions for remote consultations and data protection."

Document background
The Limited Retainer Agreement serves as a fundamental document for establishing professional relationships between legal service providers and clients in India who require regular but limited legal support. This agreement type is particularly valuable when organizations need predictable legal costs and defined service scope without committing to full-service representation. It outlines the boundaries of services, fee structures, and professional obligations while complying with Indian legal requirements, including the Indian Contract Act, 1872, and Bar Council of India regulations. The document typically includes specific provisions for service scope, response times, communication protocols, and additional fee arrangements for services beyond the retainer scope, providing clarity and protection for both parties while ensuring compliance with Indian legal and professional standards.
Suggested Sections

1. Parties: Identification of the service provider (attorney/law firm) and the client with full legal names and addresses

2. Background: Context of the agreement, including the client's need for legal services and the lawyer's/firm's qualifications

3. Definitions: Key terms used throughout the agreement including 'Services', 'Retainer Fee', 'Billing Period', etc.

4. Scope of Services: Detailed description of legal services covered under the retainer, including any specific practice areas or matters

5. Retainer Fee and Payment Terms: Monthly/periodic retainer amount, payment schedule, billing procedures, and additional charges

6. Term and Termination: Duration of the agreement, renewal terms, and conditions for termination by either party

7. Obligations of the Service Provider: Professional responsibilities, service standards, and response times

8. Client Responsibilities: Client's obligations including providing accurate information, timely responses, and document access

9. Confidentiality: Obligations regarding confidential information and client privilege

10. Conflict of Interest: Procedures for identifying and handling potential conflicts

11. Governing Law and Jurisdiction: Specification of Indian law as governing law and jurisdiction for disputes

Optional Sections

1. Intellectual Property Rights: Include when services might involve creation or handling of intellectual property

2. Force Majeure: Include for longer-term retainers to address unforeseen circumstances

3. Insurance: Include when specific professional liability insurance requirements need to be documented

4. Non-Exclusivity: Include when the service provider needs to explicitly reserve the right to serve other clients

5. Data Protection: Include when handling personal or sensitive data requiring specific protection measures

6. Alternative Dispute Resolution: Include when parties prefer mediation or arbitration before litigation

7. Assignment: Include when transfer of rights needs to be restricted or permitted under specific conditions

Suggested Schedules

1. Schedule A - Scope of Services: Detailed breakdown of included and excluded services

2. Schedule B - Fee Schedule: Detailed fee structure, including hourly rates for services beyond retainer scope

3. Schedule C - Key Personnel: List of key lawyers/professionals assigned to the client's matters

4. Schedule D - Service Level Standards: Specific response times and service standards

5. Appendix 1 - Communication Protocol: Procedures for routine communications and escalations

6. Appendix 2 - Document Requirements: List of standard documents/information the client needs to provide

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























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Relevant Industries

Legal Services

Information Technology

Financial Services

Healthcare

Manufacturing

Real Estate

E-commerce

Professional Services

Telecommunications

Education

Non-Profit

Retail

Construction

Media and Entertainment

Relevant Teams

Legal

Compliance

Executive Leadership

Finance

Human Resources

Procurement

Risk Management

Operations

Corporate Secretarial

Administration

Relevant Roles

General Counsel

Legal Director

Chief Legal Officer

Company Secretary

Compliance Officer

Legal Manager

Business Owner

CEO

Managing Director

Operations Director

Finance Director

Procurement Manager

HR Director

Contract Manager

Risk Manager

Industries







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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