After completion of establishment of FIC, we can offer you 10-15 working hours of legal retainer service per month.
In case such Working Time in a month is not depleted, the redundant time shall be automatically added into Working Time of the next month.
However, under no circumstance shall Total Working Time in a month exceed 18-27 working hours.
1.Our scope of work for Legal Retainer Service Fee shall be as follows:
– Providing timely updates on circulars and reminders to Client in respect of statutory obligations under the Vietnam Investment Law and Enterprise Law, Labor Law and other related laws of Vietnam. Whenever there is a new relevant law or enactment of any existing law, SBLAW shall provide immediate legal update notice to Client with details of the updated content;
– Providing clarification (if it is necessary) regarding to Legal Update Notice per requested by Client;
– Preparation of minutes/resolutions in respect of Annual General Meetings and the related Director’s Meetings, notices, consent, corporate presentation forms and proxies for Client;
– Preparation of standard Director’s resolutions and related documents pertaining to change of directors, secretaries and registered office;
– Reviewing and/or preparing and finalizing drafts of communication between the Client and its partners, customers or competent authority;
– Reviewing and/or preparing customer service contract, labor contract, lease contract, warning letters etc. to be executed between Client and other relevant parties;
– Translating documents from English into Vietnamese or from Vietnamese into English;
2.Legal retainer service
Legal retainer service package (10-15 working hours/per 01 month): 600-1,000USD/per 01 month. Each additional working hour exceeding 10-15 working hours/per 01 month shall be charged according to our normal hourly rate (from 80USD-300USD/one working hour).
3.Payment method
Regarding to the legal retainer service, SBLAW invoices will be sent one week prior to the commencement of the next service period start date.
Amounts are due three (03) working dates before commencement of each service period start date. Paid retainer fee shall be non-refundable. SBLAW typically renders monthly statements.
Each statement will include the fees for services rendered and the disbursements for services provided, such as postage, telephone, photocopying, word processing, delivery, computer research, staff overtime on specific rush projects, filing fees, messenger service and independent filing or search services. In some instances, disbursements for in-house services may include the indirect expenses associated with providing the service.
Client shall immediately notify SBLAW of when actual payment(s) will be made on the amount specified in the invoice(s). SBLAW will start working only upon receipt of payment of the respective invoice(s). Alternatively, SBLAW reserves the right to withdraw the service if payment is not received 10 days after the date of the invoice.
Further, in the event payments are not received by the payable date, SBLAW reserves the right to suspend services and/or levy and collect a late payment fee of 0.5% per month up to the date of receipt of payment by SBLAW
