North Carolina Legal Services Agreement - Retainer

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State:
Multi-State
Control #:
US-00554
Format:
Word; 
Rich Text
Instant download

Description

According to this agreement, client agrees to pay a retainer fee for legal services. The client and attorney agree that no attorney/client relationship will exist until the law firm has received the retainer fee from the client.
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How to fill out Legal Services Agreement - Retainer?

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  1. Selecting the optimal authentic record template can be challenging.
  2. Utilize the US Legal Forms website.
  3. All of the documents are verified by experts and meet federal and state standards.
  4. If you are already registered, Log In to your account.
  5. Navigate to the My documents section of your account.
  6. If you are a new user of US Legal Forms, here are simple steps you can follow.

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FAQ

Whether you're on the client side or the contractor side of a retainer, be sure to review that document carefully before agreeing to its terms. A retainer is a legally binding contract, and violating it could have serious consequences.

Finally, a retainer fee is sometimes considered a down payment on legal services that the client will need. This means the legal fees will be subtracted from the retainer until the retainer is used up. The lawyer would then bill you for any additional time spent on your case or ask you to pay an additional retainer.

The steps often are: Review the Retainer Agreement. ... Hire a New Attorney. ... Send a Termination Letter to Fire an Attorney. ... Finalize the Arrangement Regarding the Transfer of Files. ... Inform the Court.

Typically, agency retainers are long-term contracts that can last anywhere from six months to many years. In most cases, the client is billed in advance by the agency for its services on a monthly or quarterly basis.

Fortunately, California law permits you to terminate your contract for legal representation. Also, you are not prohibited from changing lawyers. California law allows you to terminate the services of one lawyer and immediately upon doing so retain the services of another.

In the example above, the retainer is considered unearned until the court case is closed and finalized. These unearned fees do not belong to the person performing the tasks?in this case, the lawyer?until work begins. Any unearned retainer fees that are not used can be returned to the client.

A contingent fee agreement is a legal agreement that allows you to hire a lawyer for your case without having to pay any out-of-pocket upfront fees unlike a retainer fee. The lawyer getting payment is contingent on you winning your case. If you do not win your case, you don't have to pay your contingency lawyer.

Retainers are a type of compensation agreement with lawyers either for reserving their employment or as compensation for future services. General retainers are the traditional type of retainers where a lawyer agrees to handle a case or future issues that arise for a client.

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North Carolina Legal Services Agreement - Retainer