Retainer Agreement - Template, Sample Form to Fill out
✓ Valid in Nigeria
Create your Retainer Agreement - Template, Sample Form to Fill out for use in Nigeria. Answer a few plain-English questions and the document fills in automatically as you go — then download it in Word and PDF, ready to sign or share.
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RETAINER AGREEMENT
THIS RETAINER AGREEMENT is made this ________.
BETWEEN
________, an individual of the following address:
________
AND
________, an individual of the following address:
________
WHEREAS
The Parties have agreed to retain the services of ________ to provide ________ with the following service: ________.
In consideration of the covenants, mutual promises of the Parties and other valuable consideration the receipt of which is hereby acknowledged, the Parties hereby agree as follows:
1. DURATION
This Retainer shall be in force for a period of: One year, which shall commence from ________and terminate on ________, subject to review.
2. SCOPE OF RETAINER
a. ________ shall provide the following services to ________ (the "Services"):
________
b. ________ shall provide the Services diligently and with due care.
c. The duties may include such other tasks which the Parties may agree on.
d. The obligations may change from time to time as agreed upon by the Parties.
3. FEES AND REIMBURSABLE EXPENSES
a. ________ shall be entitled to a one year retainer fee of ₦________ (________), exclusive of all applicable taxes and reimbursable expenses, payable in advance.
b. The retainer fee shall be payable in cash.
c. In addition to the retainer fee, ________ shall be reimbursed of all expenses, out-of-pocket expenses reasonably incurred on behalf of ________.
4. WARRANTY OF SERVICES
________ represents that it has full rights, power and authority to execute its obligations under this Agreement, to perform the services contemplated herein, and that there are no legal impediments to ________'s execution of the services in this Agreement. ________ covenants that the services provided under this Agreement shall be performed in a professional and ethical manner.
5. BINDING AGREEMENT
This Agreement binds the Parties, their representatives and all subsidiaries and firms affiliated with it, under the terms of this Agreement.
6. TERMINATION
a. This Agreement may be terminated by either of the Parties by issuing: ________ notice to the other Party.
b. The termination of this Agreement under the foregoing provision shall not release the Parties from any obligations which may have arisen prior to the termination.
c. Upon termination, ________ shall return all documents, materials, notes, data and other property in ________'s possession and that are belonging to ________ or relate to ________'s business.
7. REMEDIES FOR BREACH OF CONTRACT
a. It is hereby agreed that the terms of this Agreement are fundamental terms of contractual relationship between the Parties. Accordingly, a breach of the terms of this Agreement by either of the Parties would occasion financial and other damages and losses to the other Party.
b. Upon the occurrence of a breach, the other Party shall be indemnified of all the loss, damages incurred by the and the that Party shall have the right to terminate this Agreement.
8. CONFIDENTIALITY OBLIGATIONS
a. ________ undertakes not to make public or disclose in whole or part, any information relating to the practice, business dealings or other matters relating to ________ which comes to the knowledge of ________ as a result of this Agreement without obtaining the prior consent of ________; except where the law imposes ________ to disclose such information, in such case, ________ shall be promptly notified in writing.
b. ________ shall not to use the confidential information in whole or in part in any manner that constitutes bad faith or which is materially detrimental to ________ or for any purpose other than for the proper execution of the Services.
c. All confidential information that comes into the possession of ________ shall be treated as valuable and be held in strict confidence and protected from disclosure to any third party.
d. This clause shall continue to apply to all confidential information before, on or after the date of this Agreement and the obligations of ________ shall continue to be in force for as long as the confidentiainformation remains a trade secret.
e. ________ hereby acknowledges its entrance into this Agreement on the understanding that any breach of this clause will entitle ________ to specific performance and any other forms of equitable reliefs.
9. DISCLOSURES
________ shall be required to make prompt disclosure about any external activities or interests that may be in conflict with ________'s interest. Such disclosure shall be made if any activity or engagement by ________ with other clients is related directly or indirectly to ________'s relationship with ________ which may conflict with this Agreement.
10. FORCE MAJEURE
If for any reason ________ fails to perform the terms of this Agreement within a reasonable period, ________ may terminate this Agreement and provide an estimated refund to ________.
11. INDEMNITY
Both Parties shall be indemnified from and against all suits, actions, damages, liabilities, expenses of any kind what so ever which result from any act or omission of the indemnifying Party, its employees, successors, agents and assigns which may occur in connection with this Agreement.
12. APPLICABLE LAW
This Agreement may be governed and construed in accordance with the laws of the Federal Republic of Nigeria.
13. JURISDICTION
The Parties agree that the Nigerian courts shall have the exclusive jurisdiction to settle any dispute or claim in connection with this Agreement.
14. ENTIRE AGREEMENT
This Agreement and any other document referred to in this Agreement, constitutes the entire agreement between the parties and supersede any prior written or oral agreement made between them.
15. ASSIGNMENT
No Party shall assign any of its obligation or duties under this Agreement, without the prior written consent of the other Party.
16. NOTICES
17. SEVERABILITY
If any provision of this Agreement is held to be invalid, illegal or unenforceable by a court of competent jurisdiction, such provision shall be severed from this Agreement and the remaining provisions shall continue to be valid, legal and enforceable to the fullest extent permitted by law.
18. WAIVER
No failure or delay by either Party in exercising any right, power or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any further exercise of it or the exercise of any other right, power or remedy.
19. AMENDMENT
No amendment, variation or modification of this Agreement shall be valid or binding on the Parties unless made in writing and duly signed by both Parties.
20. COUNTERPARTS
This Agreement may be executed in several counterparts, all of which constitutes a single agreement between the Parties.
21. FURTHER ASSURANCE
The Parties shall execute and deliver all such documents and take all such actions and steps to procure the performance of all such acts as may be necessary or incidental to give effect to the provisions of this Agreement.
IN WITNESS WHEREOF the parties have executed this Agreement this day and year first written above.
SIGNED by the within named ________
_________________________
in the presence of:
Name................................................................................................................
Address.............................................................................................................
Occupation........................................................................................................
Signature..........................................................................................................
SIGNED by the within named ________
_________________________
in the presence of:
Name................................................................................................................
Address.............................................................................................................
Occupation........................................................................................................
Signature..........................................................................................................
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