What Is a Retainer Fee? A retainer fee is a type of legal fee that a prospective client pays in order to secure the services of an attorney. Retainer fees are most often paid before a prospective client is considered to have legally retained the services of an attorney. In other words, ...
A retaining fee is a deposit or lump sum you pay in advance. The attorney must (by law) deposit that money in a trust account to draw from as work is done. If there is money left in the trust account at the end of the project, you get that back. A special retainer is a flat ...
What is a retainer agreement? It's a legal contract between a client and a professional. Explore why they might be a good solution for your business.
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vocabulary. In some cases, it may be wise to seek the advice of anattorneyand allow him to read through a complicated retainer agreement. If, however, the contract is provided for the purpose of obtaining legal services, the individual can simply ask for more detailed explanations of its ...
Retain employees on a workforce. Sustain To keep up (a joke or assumed role, for example) competently. Retain To hire (an attorney, for example) by the payment of a fee. Sustain To supply with necessities or nourishment; provide for The income needed to sustain a family. Retain To hire...
How is an Evergreen Retainer Different From a Standard Retainer Fee? In a standardretainer feestructure, a client pays a lump sum ahead of time (say,$8,500). The attorney then bills against that amount as they work on the case. Once that retainer has been depleted (used entirely), the...
A professional fee is the price for hiring a professional to do something. The main factors that go into determining this type of...
As a flat fee; As a retainer fee; or As a contingency fee. An hourly fee is where the attorney charges a specific amount of money for each hour or part of an hour that they work on a case. The fee amount is typically based on the attorney’s experience and expertise. Typically, ...
During the purchase of a property, the real estate attorney and staff might writetitle insurance policies, complete title searches on the property, and handle the transfer of funds for the purchase. If the purchase is being financed, the attorney is responsible for paperwork such as the federal...