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Retainer Agreement

This Retainer Agreement template is for businesses to engage a consultant or service provider on an ongoing basis for a set fee. It outlines the scope of services, payment terms, and duration of the agreement.

Updated 15d ago
retainer agreementservice agreementconsultant freelancerprofessional servicescontractSME

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

Date

{{date}}

Client Information

Client Name: {{client_name}}

Client Address: {{client_address}}

Client Phone: {{client_phone}}

Client Email: {{client_email}}

Agreement Overview

This Retainer Agreement ("Agreement") is made and entered into on this {{day}} day of {{month}}, {{year}}, by and between {{company_name}} (hereinafter "Service Provider") and {{client_name}} (hereinafter "Client").

This Agreement sets forth the terms and conditions under which the Service Provider will provide ongoing services to the Client.

Scope of Services

The Service Provider agrees to provide the following services to the Client (hereinafter "Services"):

{{detailed_description_of_services}}

The Services will be provided on an ongoing basis as needed by the Client, subject to the terms of this Agreement.

Retainer Fee and Payment Terms

The Client agrees to pay the Service Provider a non-refundable retainer fee of {{currency}} {{retainer_amount}} per {{billing_period}} (e.g., month, quarter).

This retainer fee covers up to {{hours_included}} hours of service per {{billing_period}}.

Any hours worked beyond the included hours will be billed at an hourly rate of {{currency}} {{hourly_rate}}.

Invoices for additional hours will be issued {{invoicing_frequency}} and are due within {{payment_due_days}} days of receipt.

Payment method: {{payment_method}}.

Term and Termination

This Agreement shall commence on {{start_date}} and shall continue until terminated by either party.

Either party may terminate this Agreement by providing {{notice_period}} days' written notice to the other party.

Upon termination, the Client shall pay for all services rendered up to the termination date, including any outstanding additional hours.

Confidentiality

The Service Provider agrees to keep all Client information confidential and not to disclose any proprietary or sensitive information to third parties without the Client's prior written consent.

Independent Contractor Status

The Service Provider is an independent contractor and not an employee of the Client. This Agreement does not create an employer-employee relationship, partnership, or joint venture between the parties.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

Entire Agreement

This Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, negotiations, and agreements, whether oral or written.

Signatures

___________________________

Service Provider Signature

Name: {{service_provider_name}}

Title: {{service_provider_title}}

Date: {{date}}

___________________________

Client Signature

Name: {{client_representative_name}}

Title: {{client_representative_title}}

Date: {{date}}

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