Whats A Retainer Contract

State:
Multi-State
Control #:
US-EG-9248
Format:
Word; 
Rich Text
Instant download

Description

A retainer contract is a legal agreement between a client and an attorney in which the client pays a retainer fee for legal services. This document defines the attorney's scope of services, conditions under which the agreement is effective, and the client's obligations. Key features include explicit payment details, potential withdrawal by either party, and mechanisms for fee disputes, such as informal resolution or arbitration. Filling and editing instructions emphasize the importance of signing the agreement and returning a copy along with any required deposits. The contract also clarifies that the attorney does not guarantee an outcome for legal matters. This form is particularly useful for attorneys and legal staff in ensuring clear expectations and responsibilities between the client and the firm. It helps protect the interests of partners and owners by outlining payment terms and dispute resolution processes, making it essential for associates and paralegals involved in client relationships to understand and manage.
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FAQ

Think of a retainer contract as a work-for-hire agreement where you complete either a set amount of work for the client on a monthly basis or commit a set number of hours to their work. In exchange for your rolling services, the client pays you a fixed amount of money for an agreed number of hours each month.

To summarize what is a retainer agreement, it can be structured in several different ways: Client pays a set amount each month to access a certain amount of time. ... Client pays a set amount each month for a specific set of deliverables. ... Client pays simply to have access to the freelancer.

The retainer should list all the legal services that the lawyer will provide; Ask the attorney to specifically outline their fees; Never sign a fee agreement that favors the attorney's interests over your own; and. Avoid an attorney that pressures you into signing the retainer agreement quickly.

The retainer should list all the legal services that the lawyer will provide; Ask the attorney to specifically outline their fees; Never sign a fee agreement that favors the attorney's interests over your own; and. Avoid an attorney that pressures you into signing the retainer agreement quickly.

But before you get to work, you'll need to write a retainer agreement for your client to sign. This agreement should cover elements like the services you'll provide, how long the working relationship will last, fees, pricing, confidentiality, and more.

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Whats A Retainer Contract