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A retention bonus letter is a document that is sent out to employees after or right before a merger or acquisition takes place that offers key employees a retention bonus if they stick around at the organization for certain period of time.
Absent full disclosure to and consent by the former client, Rule 1.9 prohibits an attorney who has represented a client in a matter from representing another person ?in the same or a substantially related matter? where the clients' interests in the matter are ?materially adverse,? unless the former client consents ? ...
An employee retention agreement is a contract between employer and employee for the purpose of incentivizing the employee to remain with their organization for a specified period of time. Employers offer incentives to the employee in exchange for their commitment to stay on.
The retention letter allows a specific statement of what a lawyer is expected to do. In particular, the parties can spell out the types of activities the lawyer will undertake to meet the purposes and objec- tives of the representation.
New Hampshire Supreme Court Rule 50(2)(B) requires lawyers to retain specified financial records for a period of six (6) years from the time of final distribution. All other documents can be returned to the client at any time after the matter is concluded.
An often misunderstood concept under trust and estate administration centers on ?letters of retention.? Letters of retention are common where beneficiaries of a trust direct a trustee not to sell something that the trust holds.
Confidentiality of Information. (a) A lawyer shall not reveal information relating to the representation of a client unless the client gives informed consent, the disclosure is impliedly authorized in order to carry out the representation, or the disclosure is permitted by paragraph (b).
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.