Retainer Agreement for Lease Services
Retainer Agreement for Lease Services
The retainer agreement ensures compliance with Kenyan laws and regulations by including a provision in the scope of services where the advocate agrees to review and finalize the lease agreement in compliance with relevant laws .
Parties might include an amendment provision to allow flexibility in adapting the agreement to changing circumstances or needs without having to negotiate a new contract entirely, ensuring continued relevance and applicability [Not explicitly stated in Source 1].
The main components included in the retainer agreement are the scope of services, retainer fee, legal fees and billing, additional costs, termination, confidentiality, governing law, and the entire agreement clause .
The agreement specifies a retainer fee of KES 100,000 covering all services in the scope, with no additional charges unless extra services are requested, which would be billed separately. This structure facilitates financial transparency and client anticipation of costs .
The confidentiality clause is significant because it ensures the advocate maintains the confidentiality of all information obtained from the client, except as required by law or necessary for performing the services, thereby protecting the client's sensitive information .
Either party can terminate the agreement by providing written notice as specified. Upon termination, the client is responsible for paying all legal fees and expenses incurred up to the termination date, ensuring clear obligations and financial responsibilities are maintained .
The "entire agreement" clause implies that the written agreement fully encapsulates all earlier discussions and agreements, preventing either party from claiming additional terms existed outside of this documented contract, which clarifies expectations and reduces disputes .
Additional costs beyond the retainer fee are handled by reimbursing the advocate for reasonable out-of-pocket expenses, such as filing fees and travel expenses, which are itemized and included in a final invoice .
The scope includes drafting, reviewing, and registering the lease agreement, providing legal advice, and making necessary revisions, which ensures all necessary services related to the lease are covered .
The governing law clause dictates that the agreement is governed by Kenyan law, providing a legal framework for interpreting and enforcing the contract and resolving disputes under Kenyan jurisdiction .