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Hourly Retainer Agreement Template for Singapore

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Key Requirements PROMPT example:

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."

What is a Hourly Retainer Agreement?

The Hourly Retainer Agreement is designed for professional service providers in Singapore who wish to establish a formal arrangement for providing services on an hourly basis while securing a committed retainer. This document is particularly useful when regular, ongoing services are required but the exact scope or timing may vary. It includes essential elements such as service scope, hourly rates, minimum retainer amounts, billing procedures, and service delivery terms, all structured in compliance with Singapore's legal framework. The agreement provides both parties with clarity on their rights and obligations while maintaining the flexibility needed for professional service arrangements.

What sections should be included in a Hourly Retainer Agreement?

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

What sections are optional to include in a Hourly Retainer Agreement?

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

What schedules should be included in a Hourly Retainer Agreement?

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

Authors

Alex Denne

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

Relevant legal definitions

























Clauses






























Industries

Civil Law Act (Cap. 43): Primary legislation governing contractual relationships in Singapore, establishing basic principles of contract formation and enforcement

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

Employment Act (Cap. 91): May be relevant if the retainer arrangement could be construed as an employment relationship, covering basic employment terms and conditions

Skills Development Levy Act: Mandatory levy for employers to contribute to workforce development, may apply if relationship is deemed employment

Central Provident Fund Act: Mandatory social security savings scheme, relevant if the relationship could be classified as employment

Consumer Protection (Fair Trading) Act: Protects consumers against unfair practices and ensures fair trading terms

Supply of Goods Act: Governs contracts involving the supply of goods and services

Goods and Services Tax Act: Regulates taxation of goods and services, relevant for billing and invoicing requirements

Income Tax Act: Governs taxation of income, relevant for payment terms and tax reporting obligations

Personal Data Protection Act 2012: Regulates collection, use, and disclosure of personal data, important for confidentiality and data handling provisions

Legal Profession Act: Relevant if the retainer involves legal services, governing the provision of legal services in Singapore

Mediation Act 2017: Framework for mediation proceedings, relevant for dispute resolution clauses

Arbitration Act: Governs domestic arbitration proceedings, important for dispute resolution mechanisms

Singapore International Arbitration Act: Governs international arbitration proceedings, relevant for cross-border disputes

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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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