Document background
A Retainer Fee Agreement is essential for establishing and managing ongoing professional service relationships in the Indian business context. This document is typically used when a client requires regular access to professional services and wishes to secure priority attention from the service provider. The agreement, governed by Indian law including the Indian Contract Act, 1872, sets out the framework for regular service provision, including the scope of work, fee structure, and service delivery expectations. It provides certainty and clarity for both parties regarding their rights and obligations, while ensuring compliance with relevant Indian regulations and professional standards. The Retainer Fee Agreement is particularly valuable for businesses and individuals seeking to maintain continuous professional support while managing costs and service expectations effectively.
