Legal Retainer Agreement Template With Client
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FAQ
A retainer fee is an advance payment a client makes to a professional, and it is considered a down payment on the future services rendered by that professional. Regardless of occupation, the retainer fee funds the initial expenses of the working relationship.
Retainers are structured agreements in which the client agrees to pay a specific amount of money to a business ? usually monthly ? and, in return, receives a set of services during that same time period.
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.
A recurring payment used for an ongoing relationship between the client and the consultant. Example: A client pays a retainer of 10 hours for accounting services every month.
The retainer agreement should specify what the attorney believes may be necessary in achieving goals. Minimally, the retainer agreement should recite that the attorney will attempt to achieve objectives set by the client.