Texas Retainer Agreement

Category:
State:
Multi-State
Control #:
US-APP1B
Format:
Word; 
PDF; 
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Description

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.

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FAQ

Retainers can be anywhere from $2,500-$15,000, and having this money on hand allows your attorney to pay for litigation costs when needed, without having to notify you of every single filing fee that might come up.

In Texas, a retainer fee is paid to an attorney to compensate them for their commitment to providing services. Retainer fees can potentially be refundable or non-refundable. If the attorney requests a non-refundable retainer, it must meet specific legal requirements.

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.

Perhaps the most apparent benefit of establishing a retainer agreement with an attorney is having the comfort of immediate legal advice at your fingertips. If you deal with legal issues frequently, a retainer agreement keeps a close line between you and your attorney if questions arise that require immediate attention.

A retainer is a fee paid up front by the client. A lawyer can use this fee as a down payment on expenses and fees. It is important to review your account from time to time to understand how your money is being spent.

A retainer agreement is a contract between a client and a professional who requires an upfront payment applied to future work. A retainer can be set up as a one-time payment or for a recurring period. The agreement will detail compensation, hours, contingencies, and any other terms for the services provided.

The amount serves as a guarantee by the client to pay the attorney upon completion of the agreed work. The attorney cannot claim the retainer fee until he has completed the work and invoiced the client. Any remaining retainer fee after paying the hourly attorney fees should be returned to the client.

A retainer is a fee paid to a lawyer or law firm in advance of services being rendered, and the law firm should hold it in a trust account until the services are provided. It gets booked to the balance sheet as a prepaid expense (which is an asset).

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Texas Retainer Agreement