A retainer for a lawyer is an advance payment made to secure the lawyer's services, often covering initial fees and ensuring the lawyer's availability for your legal needs. It generally acts as a deposit, with funds drawn down as the lawyer performs work. Before you hire an attorney for y...
As mentioned above, the main advantage of retainer fees is securing the services of a lawyer. Additional benefits of retainers include: An assurance that the lawyer will be available to provide legal service for the client; The ability for a client to budget and plan for legal expenses ahead ...
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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.
Lawyer retainer A classic example of a retainer fee is in legal services. Lawyers often require a general retainer for their availability over a certain period. This gives the client security in knowing they’ll have legal help as matters arise. The initial retainer often covers a maximum number...
Retainer agreements include a retainer fee. These could be monthly payments, weekly payments or evenadvance payment. The payment structure is decided before signing the contract. The most well-known professionals to work on retainer are lawyers. A company will hire a lawyer and pay a monthly fee...
retainer agreement. You are assured of the full attention of your lawyer throughout the case as you have made a commitment to render payments according to the terms of the agreement ahead of time. Further, you know, upfront, what is expected of you and what you can expect from your ...
Employ by payment of a retainer. They retained a lawyer to handle the case. 1 Sustain Strengthen or support physically or mentally This thought had sustained him throughout the years Retain To keep possession of; continue to have The family sold the house but retained the land. Sustain Undergo...
An evergreen retainer agreement is where the client pays a deposit into a separate trust account and is then billed monthly, separate from the deposit.
Aretainer feeis an upfront payment toengage a lawyer, consultant, accountant, or other professional. A typical retainer fee does not represent the final cost of the transaction. The specialist may return money from the retainer if the work finishes early, or bill additional time if the retainer...