Definition of 'retainership' 1. the property of retaining or retainment. adjective. 2. (of contracts, services, etc) having the property of retaining or retainment.
As a best practice, licensees should consider using a retainer agreement or engagement letter for every matter. Confirming the essential terms of the engagement with the client in writing manages client expectations and reduces the risk of misunderstanding between the licensee and their client.
This is a legal contract between the law firm and the client setting forth the terms of the legal services to be provided and how the client will be charged for the services.
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.
Retention Letter means a document held to maintain net economic interest significantly, updated by various parties from time to time.
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.
This is a legal contract between the law firm and the client setting forth the terms of the legal services to be provided and how the client will be charged for the services.
To find lawyers to consider, begin with these resources: Certified lawyer referral services. Certified specialists. Recommendations. Public defenders. Public interest groups. Prepaid legal services plans. Also: Consider dispute resolution programs.