This document is a retainer agreement for representation in a matrimonial matter. It contains general comments on such a retainer, along with the full retainer agreement. Although the agreement reflects New York law, it should be considered for use by attorneys in virtually all states as a guide in preparing a fair arrangement between attorney and client.
Puerto Rico Retainer Agreement
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FAQ
A PR retainer is a lump sum that you pay to a PR firm each month for the work they provide. The amount you pay depends on how much work you need to meet your PR goals and your budget, so it's important to be specific about both early on in your communications with the PR firm.
Monthly retainers in PR agencies can range from $2,500 to $20,000 per month for most businesses. Large national and global PR agencies won't consider a project for under $15,000 per month and up to $30,000-$50,000 per month for the biggest clients.
A retainer allows your PR agency to communicate on your behalf constantly and evenly with a steady stream of social media, blogs, articles, press releases and media outreach. This will also enable them to forge relationships with key media players increasing the likelihood that your company will receive coverage.
As such, a retainer agreement is a formal document outlining the relationship between an attorney and a client. It details the different obligations and expectations involved, which can include ethical work principles, retainer fees, modes of communication, and professional ground rules.
The price of PR can vary wildly, but monthly retainers generally range between £2k-£10k to feature in publications and benefit from consultancy. Smaller boutique PR agencies charge the lowest amounts, usually ranging between £2,000 and £5,000, but big names in the PR world have retainers starting at £20,000 per month.
Scope of work The name of the freelancer or PR agency and the names of the clients/their company. The volume of work, whether that's hours per week/month or milestones. The costs for services, including how any additional work not scoped in the contract will be requested and/or paid for by the client.
Typical monthly retainers with a PR agency will range between $2,000-$5,000 on the low end and for top-notch firms can go all the way up to $20,000-$50,000 per month depending on the scope of work and value provided.
Make sure all the following details make it into your retainer contract: The amount you're to receive each month. The date you're to be paid by. Any invoicing procedures you're expected to follow. Exactly how much work and what type of work you expect to do. When your client needs to let you know about the month's work by.