Retainer And Contingency Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Retainer And Contingency Fee Agreement

"Need a Retainer And Contingency Fee Agreement for our Singapore law firm to engage a major financial institution, with monthly retainer of S$15,000 and success fees for corporate litigation matters, starting March 2025."

What is a Retainer And Contingency Fee Agreement?

The Retainer And Contingency Fee Agreement is essential for establishing clear terms between legal service providers and clients in Singapore. While pure contingency arrangements are prohibited under Singapore law, this agreement structure combines a fixed retainer with permissible success-based elements. The document ensures compliance with the Legal Profession Act and Professional Conduct Rules while providing transparency in fee arrangements and service scope. It's particularly useful for ongoing legal relationships requiring regular services with potential additional compensation based on outcomes.

What sections should be included in a Retainer And Contingency Fee Agreement?

1. Parties: Identification of the law firm and client with full details

2. Background: Context of the engagement and nature of legal services required

3. Definitions: Key terms used in the agreement including billing periods, rates, etc.

4. Scope of Services: Detailed description of legal services to be provided

5. Fee Structure: Retainer amount, billing rates, and payment terms

6. Billing and Payment Terms: Frequency of billing, payment methods, and late payment consequences

7. Term and Termination: Duration of agreement and termination provisions

What sections are optional to include in a Retainer And Contingency Fee Agreement?

1. Conflict Resolution: Procedures for resolving disputes, use when dealing with sophisticated clients

2. Confidentiality: Detailed privacy provisions, recommended for sensitive matters

3. Third Party Costs: Handling of external costs, use when third-party services are likely

What schedules should be included in a Retainer And Contingency Fee Agreement?

1. Fee Schedule: Detailed breakdown of hourly rates and retainer calculations

2. Scope of Work: Detailed description of specific services covered

3. Team Structure: List of key personnel and their roles

Authors

Alex Denne

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

alex.den.21@genieai.co

Relevant legal definitions

Clauses

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Relevant Teams

Legal
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Compliance
Procurement

Relevant Roles

Managing Partner
General Counsel
Legal Director
Chief Legal Officer
Compliance Officer

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Retainer Form

A legal services agreement under Singapore law establishing terms of engagement between a law firm and client.

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Let's create your Retainer And Contingency Fee Agreement

What is a Retainer And Contingency Fee Agreement?

What sections should be included in a Retainer And Contingency Fee Agreement?

What sections are optional to include in a Retainer And Contingency Fee Agreement?

What schedules should be included in a Retainer And Contingency Fee Agreement?

Authors

Alex Denne

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