Retainer Agreement - Free Legal Template

RETAINER AGREEMENT

This Retainer Agreement (the "Agreement") is made and effective [effective date],

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"):

[service description 1]

[service description 2]

[service description 3]

[service description 4]

[service description 5]

[service description 6]

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 [governing law].

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 [governing law].

CONFIDENTIALITY

The Consultant shall maintain the confidentiality of all information obtained during the term of this Agreement, unless legally required to disclose. This confidentiality obligation survives the termination of this Agreement.

SEVERABILITY

If any provision of this Agreement is deemed unenforceable, the remaining provisions shall continue in effect.

ENTIRE AGREEMENT

This Agreement constitutes the entire understanding between the Parties and supersedes all prior oral agreements or understandings between the Parties relating to the subject matter.

AMENDMENTS

Any amendments to this Agreement must be in writing and signed by both Parties.

SIGNATURES

By signing below, the Parties agree to the terms and conditions outlined in this Agreement.