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Retainer Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Retainer Agreement

"I need a Retainer Agreement for my IT consulting firm based in Hong Kong to provide ongoing technical support and system maintenance services to a financial services company, with monthly reporting requirements and specific service level agreements."

Document background
The Retainer Agreement is essential for establishing long-term professional service relationships in Hong Kong's business environment. It is commonly used when a client requires regular access to professional services, such as legal advice, consulting, or technical support, on an ongoing basis. The document provides a framework for continuous service delivery while ensuring compliance with Hong Kong's regulatory requirements and professional standards. It typically includes detailed provisions for service scope, fee structures, confidentiality obligations, and performance expectations, reflecting both local legal requirements and international best practices. This type of agreement is particularly valuable for businesses seeking to secure priority access to professional expertise while maintaining cost predictability through structured payment arrangements.
Suggested Sections

1. Parties: Identification of the service provider and the client, including full legal names and addresses

2. Background: Context of the agreement and brief description of the parties' intention to enter into a retainer arrangement

3. Definitions: Key terms used throughout the agreement defined for clarity and consistency

4. Scope of Services: Detailed description of the services to be provided under the retainer arrangement

5. Term and Renewal: Duration of the retainer agreement and conditions for renewal

6. Fees and Payment Terms: Retainer fee amount, payment schedule, and billing procedures

7. Rights and Obligations: Specific duties and responsibilities of both the service provider and client

8. Confidentiality: Obligations regarding confidential information and its protection

9. Termination: Circumstances and procedures for ending the retainer relationship

10. Governing Law and Jurisdiction: Specification of Hong Kong law as governing law and jurisdiction for disputes

11. Entire Agreement: Standard boilerplate confirming the agreement represents the complete understanding between parties

Optional Sections

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

2. Non-Compete and Non-Solicitation: Add when protecting business interests from competition is necessary

3. Force Majeure: Include when need to address unforeseeable circumstances preventing performance

4. Insurance: Add when specific insurance requirements need to be maintained

5. Data Protection: Include when personal data processing is involved in service delivery

6. Conflict of Interest: Add for professional services where conflicts may arise

7. Assignment and Subcontracting: Include when need to address potential transfer of rights or delegation of duties

Suggested Schedules

1. Schedule 1 - Detailed Scope of Services: Comprehensive breakdown of services covered under the retainer

2. Schedule 2 - Fee Schedule: Detailed breakdown of fees, rates, and payment terms

3. Schedule 3 - Service Levels: Specific performance metrics and service standards

4. Schedule 4 - Key Personnel: List of key team members assigned to provide the services

5. Appendix A - Communication Protocol: Procedures for routine communications and reporting

6. Appendix B - Compliance Requirements: Specific regulatory or professional requirements applicable to the services

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






























Clauses






























Relevant Industries

Legal Services

Accounting and Finance

Management Consulting

IT Services

Marketing and Communications

Business Advisory

Professional Services

Healthcare Services

Engineering Consulting

Design Services

Relevant Teams

Legal

Finance

Procurement

Operations

Compliance

Business Development

Human Resources

Project Management

Account Management

Risk Management

Relevant Roles

Legal Counsel

Chief Financial Officer

Managing Director

Professional Services Manager

Procurement Manager

Contract Manager

Business Development Director

Operations Manager

Compliance Officer

Finance Director

General Counsel

HR Director

Project Manager

Account Manager

Partner

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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