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.
If either you or your attorney terminate the relationship before the retainer is exhausted, and if allowed by the agreement and applicable laws, the remaining portion of the retainer may be refundable. Ensure the termination terms in your agreement are clear and consult a legal professional if needed.
Most retainer agreements stay active for 6-12 months but can be renewed based on ongoing legal needs. Understanding your retainer agreement's timeline is crucial for maintaining continuous legal representation and managing your legal expenses effectively.
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.
A client may terminate the lawyer-client relationship at any time. There are no rules about how a client may terminate a retainer, but written notice is best to avoid misunderstandings that may arise.
The retainer agreement does not bind you to your lawyer. You can terminate the client-attorney relationship at any time. You are the principal and your lawyer is your agent–this means that you are the boss. When you want to terminate the relationship with your lawyer, all you have to do is tell them, “You're fired.”
The retainer agreement does not bind you to your lawyer. You can terminate the client-attorney relationship at any time. You are the principal and your lawyer is your agent–this means that you are the boss.
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.
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.