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Limited Retainer Agreement
"I need a Limited Retainer Agreement for my tech startup in Manila, covering monthly corporate secretarial services and routine legal advisory with a cap of 20 hours per month, starting March 1, 2025."
1. Parties: Identification of the Attorney/Law Firm and the Client, including complete names, addresses, and contact information
2. Background: Brief context of the engagement and the Client's need for legal services
3. Definitions: Key terms used throughout the agreement including 'Services', 'Retainer Fee', 'Scope of Work', etc.
4. Scope of Services: Detailed description of legal services covered under the retainer, with clear limitations and exclusions
5. Term: Duration of the retainer agreement, including start date and initial term
6. Fees and Payment Terms: Retainer amount, billing rates, payment schedule, and handling of disbursements
7. Client Responsibilities: Client's obligations including providing accurate information, timely communication, and document provision
8. Attorney Rights and Responsibilities: Professional obligations, standards of service, and commitment to client representation
9. Confidentiality: Obligations regarding client confidentiality and handling of privileged information
10. Termination: Conditions and process for terminating the agreement by either party
11. Governing Law: Specification of Philippine law as governing law and jurisdiction for disputes
12. Execution: Signature blocks and execution requirements
1. Conflict Resolution: Optional section detailing mediation or arbitration procedures, recommended for higher-value retainers
2. Insurance: Details of professional indemnity insurance, if specifically requested by client
3. Intellectual Property: Provisions regarding ownership of work product, relevant for corporate or IP-focused retainers
4. Force Majeure: Provisions for unforeseen circumstances, recommended for longer-term retainers
5. Non-Exclusivity: Clarification that attorney may serve other clients, important for corporate clients
6. Successor Counsel: Provisions for transition to other counsel, important for litigation matters
1. Schedule A - Scope of Services: Detailed breakdown of included and excluded services
2. Schedule B - Fee Schedule: Detailed breakdown of fees, hourly rates by attorney level, and billing increments
3. Schedule C - Authorized Representatives: List of client personnel authorized to give instructions
4. Appendix 1 - Standard Terms and Conditions: Firm's standard terms and conditions applicable to all retainers
5. Appendix 2 - Conflict Check Results: Optional appendix documenting results of conflict checking process
Authors
Legal Services
Financial Services
Technology
Healthcare
Real Estate
Manufacturing
Retail
Professional Services
Construction
Education
Telecommunications
Energy
Mining
Agriculture
Transportation
Legal
Executive Leadership
Finance
Operations
Compliance
Risk Management
Human Resources
Procurement
Corporate Secretariat
Business Development
Project Management
Chief Legal Officer
General Counsel
Legal Director
Corporate Secretary
Chief Executive Officer
Chief Financial Officer
Managing Director
Business Owner
Operations Manager
Compliance Officer
Risk Manager
Department Head
Project Manager
Procurement Manager
Human Resources Director
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