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Retainership Agreement

Document Cited in Related
Vincent
Updated atMarch 2010

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 Co-operative 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 retainership;

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 retainership;

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...

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