Equity Agreement Sample With Retainer In Massachusetts

Q: What do you mean by retainership?

Definition of &#039;retainership&#039; 1. the property of retaining or retainment. adjective. 2. (of contracts, services, etc) having the property of retaining or retainment.

Category:

Real Estate - Contracts - Equity

State:

Multi-State

Control #:

US-00036DR

Format:

Instant download

Description

The equity agreement sample with retainer in Massachusetts is a legal document designed for investors entering into a joint venture regarding a residential property. This form includes essential elements such as the purchase price, financial contributions, and the terms of property occupancy and management. It outlines the responsibilities of each party, detailing capital contributions and the distribution of profits or losses upon the property's sale. Users are guided in filling out the document with clear sections requiring involvement from both parties. Key utilities include facilitating investment partnerships, sharing property expenses, and structuring ownership rights effectively. Target audience members such as attorneys and paralegals will find it useful for draft preparation and negotiation, while partners and owners can leverage it for equitable property investment strategies. Associates can assist in compliance and editing, and legal assistants may support the documentation process. With its comprehensive structure and straightforward approach, this agreement aids in establishing mutual understanding and legal clarity between investors.

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FAQ

The retainer agreement does not bind you to your lawyer. You can terminate the client-attorney relationship at any time.

Hello. My name is I am an attorney. In most situations, the answer to this question, unfortunately, is no. Once an agreement is signed, it can only be terminated or cancelled as permitted by the terms of that agreement.

A retainer agreement is a work-for-hire contract. It falls between a one-off contract and permanent employment, which may be full-time or part-time. Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later.

Retainer agreements (also referred to as representation agreements) are a type of compensation agreement with lawyers either for reserving their employment or as compensation for future services. Also inside the agreement are details on the scope and procedure for the representation.

The goal of a retainer is to provide your clients with ongoing access to your agency's services. Furthermore, with a retainer agreement, agencies can offer their services at discounted prices to improve client retention. Exactly how much depends on the type of retainer you offer—which we will discuss further.

Here are a few things to include in your retainer pitch: The challenges involved in working this role on contingency. The benefits of going with a retainer over contingency. A clear plan on how you will deliver a shortlist and to what timescale.

What is a retainer agreement? A retainer agreement is a long-term work-for-hire contract between a company and a client that retains ongoing services from you (as a consulting business) and provides you with a stable amount of payments.

Definition of 'retainership' 1. the property of retaining or retainment. adjective. 2. (of contracts, services, etc) having the property of retaining or retainment.