RETAINERSHIP AGREEMENT
THIS AGREEMENT is made at __________________ this __________ day of
___________________ 20___ between _____________________________ , having its registered
office at ______________________________________ hereinafter referred to as "the party of the
first part" and ___________________________________( Aadhar No:_______________________),
residing at______________________, hereinafter referred to as "the party of the second part".
WHEREAS the party of the first part is
_______________________________________________________________ and requires the
assistance of _______________________________________________________________for
________________________________________________________________________ giving
advice and solutions to ______________________________________________________
AND WHEREAS the party of the first part has offered to appoint and retain the party of the second
part to act for them as _________________________________________ and the party of the
second part have agreed to the said appointment and retainer ship;
AND WHEREAS the parties hereto have agreed to record the terms and conditions on which the party
of the first part has agreed to appoint and retain the party of the second part to act for them as
______________________ and the party of the second part has agreed to accept the said
appointment and retainer ship;
NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:
1. The party of the first part hereby appoints and retains the party of the second part for (detailed
scope of work) __________________________________________________________________
2. The party of the first part shall pay to the party of the second part fees of Rs. _______________
(Rupees ------------only) per month. The said fees will be in lieu of and in satisfaction of all professional
charges and expenses including the office expenses of the party of the second part (add if any
exclusions)
3. The party of the first part shall also pay to the party of the second part all out of pocket expenses
incurred by them in payment of traveling expenses, ______________________________________
________________________________________________________________________________
4. The above fee quote is based on the assumption that there will be no material change in the
scope of services rendered. In the event of any material deviation in the foregoing assumption the
parties hereto agree to re-assess and mutually revise the fee quote.
5. Invoices will be raised by the party of the second part on a monthly basis and will be payable
within 15 days. A detailed narrative stating the nature of the work done will accompany the invoice.
The invoice shall also include details of any other expenses and costs incurred in relation to the
assignment, within the purview of the scope of work as mentioned in this agreement.
6. The scope of the above services would not include any ________________________________
___________________________________________________________ will be charged separately.
7. This agreement will not extend to any ___________________________________________
_______________________________________________________________________________
8. The party of the second part shall maintain full secrecy and shall not disclose any confidential
matter or communication between the party of the first part and themselves to anybody else.
9. The party of the second part shall not act in any matter entrusted to them for any other party
concerned or connected with such matter.
10. This agreement may be terminated by any party hereto by giving one month’s prior notice to the
other without assigning reason and on the expiry of the said period from receipt of the notice this
agreement shall stand terminated except in respect of matters which are already entrusted to the
party of the second part and are not completed.
IN WITNESS WHEREOF the parties hereto have put their hands the day and year first hereinabove
written.
Signed by the within named)
______________ Co-operative)
Housing Society by its Secretary)
Mr. ___________________________)
In the presence of)
______________________________)
Signed by the within named)
_________________________ ( retainers)
by its ( concerned authority)
Ms. ___________________________)
In the presence of)
______________________________)
