RETAINER SHIP AGREEMENT

 

RETAINER SHIP AGREEMENT

 

THIS AGREEMENT is made at Bombay this __________ day of ___________________

200

between _____________________________ Co-operative Housing Society Ltd., having

its registered office at ______________________________________ hereinafter

referred to as "the party of the first part" and ABC, a legal portal having its registered office at______________________, hereinafter referred to

as "the party of the second part".WHEREAS

the party of the first part is a co-operative housing society and requires the

assistance of solicitors and legal advisors for drafting notices to be issued

to members of the society, correspondence with the Bombay Municipal Corporation/ Registrar of Society, giving advice and solutions to internal

problems of the members of the society in accordance with the Cooperative

Societies Act, 1960 and the bye-laws of the society, etc.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 legal advisors and solicitors 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 legal advisors and solicitors 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 drafting notices to be issued to members of the society, correspondence with

the Bombay Municipal Corporation/ Registrar of Society, giving advice and solutions to internal problems of the members of the society in accordance with

the Co-operative Societies Act, 1960 and the bye-laws of the society and all

ancillary and incidental matters.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 but excluding any out of pocket expenses and costs incurred in

relation to the assignment.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, registration charges, etc. in respect of documents in relation to each transaction etc.4. The above fee quote

is based on the assumption that there will be no material change in the scope.

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 out of

pocket expenses and costs incurred in relation to the assignment.6. The scope of the

above services would not include any regulatory compliance (such as filings,

etc. with statutory authorities, etc.), or providing substantive opinions or

memoranda on any specific legal issue and the same will be charged separately.7. This agreement will

not extend to any litigation civil or criminal or arbitration whether arising

out of any transaction entrusted to the party of the second part or otherwise.

If any such matter of litigation or any legal proceedings in a court of law or

tribunal or arbitrator is entrusted to them, the party of the second part will

be entitled to charge fees according to their usual practice.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 with in named)______________

Co-operative)Housing Society by its Secretary)Mr. ___________________________)In

the presence of)______________________________)Signed by the with in named)_________________________

( retainers)by its ( concerned authority)Ms. ___________________________)In the presence of)______________________________)