1. Pre-paid (Fixed price) A pre-paid retainer, also known as a fixed-price retainer, requires that you commit to handling a certain amount of work during the predetermined period. This work can be measured by a number of hours or total output. ...
The meaning of GENERAL RETAINER is a retainer of an attorney by a client to advise and represent the client for compensation and for a fixed time in all legal matters in which the client may seek legal assistance; also : the retaining fee itself.
Recurring payments: Recurring payment is another perk of working in a retainer model as you’ll be paid a fixed fee every month. Simplified proposal process: Instead of crafting a custom project-specific proposal, a retainer can be fairly standard and handled with the same, simple contract acros...
A retainer fee is an upfront fee paid by a client for the professional services of an advisor,consultant, lawyer, freelancer, etc. The fee is commonly associated with attorneys who are hired to providelegal services. This fee is used to guarantee the commitment of the service provider but do...