The Limited Retainer Agreement is essential when parties wish to establish a clearly defined, limited-scope legal relationship in Singapore. This document is particularly useful when clients require specific legal services rather than comprehensive legal representation. It protects both the law firm and client by clearly delineating the scope of services, responsibilities, and limitations while ensuring compliance with Singapore's legal framework. The agreement typically includes detailed fee structures, service limitations, confidentiality provisions, and termination clauses, making it particularly relevant for discrete legal tasks or project-specific legal work.
Limited Retainer Agreement for Singapore
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Key Requirements PROMPT example:
Limited Retainer Agreement
"Need a Limited Retainer Agreement for our Singapore law firm to provide targeted legal advisory services to a fintech startup, specifically covering regulatory compliance and licensing matters, with a monthly cap of 20 hours starting March 2025."
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1. Parties: Identification of the law firm and client, including full legal names and addresses
2. Background: Context of the retainer and brief overview of the legal services required
3. Definitions: Key terms used throughout the agreement
4. Scope of Services: Detailed description of legal services to be provided and specific limitations
5. Fee Structure: Detailed breakdown of fees, billing arrangements, and payment terms
6. Duration and Termination: Term of agreement and conditions for termination
7. Confidentiality: Obligations regarding client confidentiality and privileged information
1. Conflict of Interest Provisions: Specific provisions addressing potential conflicts - used when representing multiple parties or in complex matters
2. Insurance Coverage: Details of professional indemnity insurance - used when requested by client or for high-risk matters
3. Intellectual Property Rights: Provisions regarding ownership of work product - used when IP-related work is involved
1. Schedule of Fees: Detailed breakdown of fee structure and rates
2. Scope of Work Schedule: Detailed description of specific tasks and deliverables
3. Team Structure: List of key personnel assigned to the matter and their roles
4. Conflict Check Results: Documentation of conflict checking process and results
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