Retainer Agreement by EasyLegalDocs
This Retainer Agreement outlines the terms and conditions between a Consultant and a Company for ongoing services. It covers the duration of the agreement, the scope of services, retainer fees, and reimbursable expenses. The document also clarifies the independent contractor relationship, termination clauses, dispute resolution, and confidentiality obligations.
RETAINER AGREEMENT
This Retainer Agreement (the "Agreement") is made and effective [EFFECTIVE DATE],
BETWEEN: | [CONSULTANT NAME], with an address of [CONSULTANT ADDRESS] (hereinafter referred to as the “Consultant”) |
AND: | [COMPANY NAME], with its primary place of business located at [COMPANY ADDRESS] (hereinafter referred to as the “Company”). Both Consultant and Company shall be collectively referred to as the "Parties." |
DURATION OF AGREEMENT
This Agreement commences on the Effective Date and will continue on a month-to-month basis. The Agreement will not automatically renew at the end of each term.
SCOPE OF SERVICES
The Consultant agrees to perform the following services ("Services"):
The Parties agree that the Services shall be completed by _______________. In the event that circumstances arise that may require an extension or modification of the Services, the Parties shall engage in good-faith discussions to assess the situation and reach a mutually acceptable resolution.
Any changes to the scope, timeline, or deliverables of the Services shall be documented in writing and signed by both Parties as an addendum to this Agreement.
RETAINER FEE
The Consultant will invoice the Company for an amount of ________ on the first day of each month, covering Services rendered and any pre-approved expenses from the prior month. The Company agrees to pay the invoice within ________ days through ________.
REIMBURSABLE EXPENSES
The Consultant is entitled to reimbursement for all approved expenses incurred while providing the Services. Expenses exceeding ________ must be pre-approved by the Company and supported by proof of payment or receipts.
Proof of payment or receipts should be submitted in the following format:
Receipts must be clear, legible, and itemized, showing the date of the expense, the name of the vendor, a description of the expense, and the amount paid.
Electronic copies (scanned or photographed) of paper receipts are acceptable, provided they are clear and complete.
For expenses paid electronically, such as online purchases, credit card statements or digital receipts are acceptable forms of proof.
Expense reports should be submitted to ________________ no later than ________ for prompt processing and reimbursement.
RELATIONSHIP OF PARTIES
This Agreement establishes a retainer relationship, where the Consultant acts as an independent contractor. The Consultant shall not be considered an employee, agent, or partner of the Company. No other partnership is implied by this Agreement.
NON-EXCLUSIVITY
This Agreement is non-exclusive, allowing both Parties to engage in similar arrangements with other entities.
TERMINATION
This Agreement may be terminated:
Immediately, if either Party breaches the Agreement and fails to remedy the breach within ________ days of receiving written notice of the breach from the non-breaching Party.
By providing ________ days' prior written notice before the intended date of termination.
DISPUTE RESOLUTION
Any disputes arising from this Agreement shall be resolved through Arbitration/Mediation/Negotiation (circle one), governed by the laws of ________.
OWNERSHIP OF WORK
All work products created by the Consultant related to the Services shall be the exclusive property of the Company.
GOVERNING LAW
This Agreement is governed by the laws of ________.
CONFIDENTIALITY
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