- Ongoing Legal Advice:
- Providing continuous legal advice on day-to-day business operations.
- Answering legal questions promptly and accurately.
- Keeping clients informed of relevant changes in Vietnamese law.
- Contract Review and Drafting:
- Reviewing and drafting contracts to minimize legal risks.
- Ensuring contracts comply with Vietnamese law.
- Negotiating contract terms on behalf of clients.
- Compliance Support:
- Assisting with compliance with Vietnamese laws and regulations.
- Conducting legal audits to identify potential compliance issues.
- Developing and implementing compliance programs.
- Dispute Prevention:
- Providing proactive legal advice to prevent disputes from arising.
- Assisting with negotiation and mediation to resolve disputes amicably.
- Representation in Legal Matters:
- Representing clients in legal proceedings, such as administrative hearings or court cases, within the scope of the retainer agreement.
- This can be limited to certain types of cases, depending on the agreement.
- Document Review:
- Reviewing various company documents to ensure legality.
- Regular Legal Updates:
- Providing regular updates on changes to relevant laws and regulations.
- Prioritized Legal Service:
- Retainer clients generally receive prioritized service.
- Faster response times.
- More immediate access to legal professionals.
Benefits of Retainer Legal Services:
- Cost-Effectiveness: Retainer agreements can be more cost-effective than paying for legal services on an ad-hoc basis.
- Proactive Legal Support: Retainer agreements allow businesses to address legal issues proactively, rather than reactively.
- Consistent Legal Guidance: Retainer agreements provide businesses with consistent legal guidance from a trusted legal advisor.
- Peace of Mind: Retainer agreements provide businesses with peace of mind knowing that they have ongoing legal support.
- Building a relationship: The retainer system creates a strong client, lawyer bond.
Important Considerations in Vietnam:
- Clearly defined scope of services: Retainer agreements should clearly define the scope of services included.
- Payment terms: Retainer agreements should clearly outline payment terms.
- Termination clause: Retainer agreements should include a termination clause.
- It is very important that the client understands what is, and is not, included in the retainer agreement.
When your clients are describing their retainer services, emphasize the value of having a trusted legal partner, and the cost saving, and peace of mind that a retainer agreement can provide.