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How to set up a retainer agreement Hourly. Offer the client a specific number of hours of work per month.By deliverable. Promise to deliver a set number of ?products? or ?services? per month.For access. In some instances, a client might pay a monthly fee for access to your services.
While retainer agreements can be either written or oral, it is not recommended that retainer agreements be anything other than in writing if for no other reason than to minimize or avoid misunderstandings between the lawyer and the client.
How to calculate the fixed monthly fee Calculate your annual salary. Estimate the amount of time you will spend on one client. Create a clear retainer agreement. Plan for extra work or more services. Offer service tiers to potential clients. Define payment terms. Use a monthly report for reassurance.
How to Write a Retainer Agreement Step 1 ? Acquire Your Copy Of The Retainer Template From This Page.Step 2 ? Introduce This Retainer, The Service Provider, And The Client.Step 3 ? Define When Service Must Begin And When It Must Terminate.Step 4 ? Document The Pay Rate Or Manner Of Compensation.