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Retainer Consulting Agreement

This Retainer Consulting Agreement template is used when engaging an independent consultant for ongoing services on a retainer basis. It outlines the terms, scope of work, fees, and other conditions of the consulting arrangement.

Updated 17d ago
retainer agreementconsulting agreementprofessional servicesindependent contractorservice agreementSMESouthern Africa

Company Letterhead

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

RETAINER CONSULTING AGREEMENT

This Retainer Consulting Agreement (the 'Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}} (the 'Effective Date'), by and between:

{{company_name}}, a company duly incorporated under the laws of {{country}}, with its principal place of business at {{company_address}} (hereinafter referred to as the 'Client');

AND

{{consultant_name}}, an individual residing at {{consultant_address}} / a company duly incorporated under the laws of {{country}}, with its principal place of business at {{consultant_address}} (hereinafter referred to as the 'Consultant').

Collectively referred to as the 'Parties'.

1. ENGAGEMENT AND SERVICES

1.1. The Client hereby engages the Consultant, and the Consultant hereby agrees to provide consulting services to the Client as described in Schedule A attached hereto (the 'Services').

1.2. The Consultant shall provide the Services remotely or at the Client’s premises as agreed upon by the Parties.

1.3. The Consultant shall dedicate approximately {{hours_per_month}} hours per month to the Client's projects, subject to variation by mutual agreement.

2. TERM AND TERMINATION

2.1. This Agreement shall commence on the Effective Date and shall continue for an initial period of {{initial_term_months}} months, unless terminated earlier in accordance with the provisions of this Agreement.

2.2. Either Party may terminate this Agreement by providing {{notice_period_days}} days' written notice to the other Party.

2.3. This Agreement may be terminated immediately by either Party for a material breach of any terms herein, which breach is not remedied within {{cure_period_days}} days of written notice.

3. RETAINER FEES AND PAYMENT

3.1. In consideration for the Services, the Client shall pay the Consultant a monthly retainer fee of {{currency}} {{retainer_fee_amount}} ({{retainer_fee_amount_words}}) (the 'Retainer Fee').

3.2. The Retainer Fee shall be paid on or before the {{payment_day_of_month}} day of each month, commencing from {{first_payment_date}}.

3.3. Any out-of-pocket expenses incurred by the Consultant in the performance of the Services will be reimbursed by the Client, provided such expenses are pre-approved in writing and accompanied by valid receipts.

3.4. Invoices shall be submitted by the Consultant to {{invoicing_email}}.

4. CONFIDENTIALITY

4.1. The Consultant acknowledges that during the course of providing the Services, they may have access to confidential and proprietary information belonging to the Client.

4.2. The Consultant agrees to keep all such information strictly confidential and not to disclose it to any third party without the Client's prior written consent, both during and after the term of this Agreement.

5. INTELLECTUAL PROPERTY

5.1. All intellectual property rights, including but not limited to copyrights, trademarks, and patents, arising from the Services performed by the Consultant under this Agreement shall be the sole property of the Client.

5.2. The Consultant agrees to execute any documents necessary to assign such intellectual property rights to the Client.

6. INDEPENDENT CONTRACTOR STATUS

6.1. The Consultant is an independent contractor and not an employee, agent, or partner of the Client.

6.2. The Consultant shall be solely responsible for all taxes, social security contributions, and other statutory payments required by law in relation to the services provided.

7. LIMITATION OF LIABILITY

7.1. Neither Party shall be liable to the other for any indirect, incidental, consequential, special, or punitive damages, including loss of profits, arising out of or in connection with this Agreement.

7.2. The total liability of the Consultant for any claims arising under this Agreement shall not exceed the total Retainer Fees paid by the Client to the Consultant in the {{liability_period_months}} months preceding the event giving rise to the claim.

8. GOVERNING LAW AND DISPUTE RESOLUTION

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

8.2. Any dispute arising out of or in connection with this Agreement shall be subject to amicable negotiation between the Parties.

8.3. If the dispute cannot be resolved amicably, it shall be referred to arbitration in {{city}}, {{country}}, in accordance with the rules of the {{arbitration_institution}}.

9. ENTIRE AGREEMENT

This Agreement, including Schedule A, constitutes the entire agreement between the Parties and supersedes all prior agreements, understandings, and negotiations, whether written or oral, relating to the subject matter hereof.

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

SIGNATURES

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of the Effective Date.

___________________________

Client Signature

Name: {{client_signatory_name}}

Title: {{client_signatory_title}}

Date: {{date}}

___________________________

Consultant Signature

Name: {{consultant_signatory_name}}

Title: {{consultant_signatory_title}}

Date: {{date}}

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