Equity Agreement Sample With Retainer In Sacramento

Category:

Real Estate - Contracts - Equity

State:

Multi-State

County:

Sacramento

Control #:

US-00036DR

Format:

Instant download

Description

The Equity Agreement Sample with Retainer in Sacramento is a legal document that outlines the terms of an equity-sharing venture between two parties, referred to as Alpha and Beta, who are jointly purchasing a residential property. Key features of the agreement include the outlined purchase price, down payment contributions, and loan financing terms, as well as provisions for maintenance, occupancy, and distribution of proceeds upon sale. This form serves the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants by providing clear instructions on filling out and editing the document to meet their specific needs. It facilitates essential agreements on shared financial responsibilities, occupancy rights, and future profits from the property's appreciation. The form's sections are well-structured for clarity, making it accessible even to users with limited legal experience. Additionally, the agreement emphasizes legal considerations such as arbitrating disputes and modifying terms, ensuring both parties have a clear understanding of their rights and obligations.

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FAQ

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.

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

An equity agreement is like a partnership agreement between at least two people to run a venture jointly. An equity agreement binds each partner to each other and makes them personally liable for business debts.

Crime or Fraud Exception. If a client seeks advice from an attorney to assist with the furtherance of a crime or fraud or the post-commission concealment of the crime or fraud, then the communication is not privileged.

Once a contract or retainer agreement has been signed between both parties, there's no question that privilege applies. Nonetheless, it generally starts before a contract is officially signed, even if you ultimately do not hire the attorney you had a consultation with.

A true retainer is earned upon receipt (and is therefore non-refundable) because it takes the attorney out of the marketplace and precludes him or her from undertaking other legal work (e.g., work that may be in conflict with that client).

Generally, yes, retainer agreements are protected by the lawyer-client privilege, UNLESS you waived that privilege, which might have happened by your referencing the contents, for example.