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 ...
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 ...
A retainer agreement is a legal contract between a client and a professional (perhaps a law firm or other service provider). Let’s take a lawyer, for example. The client pays a retainer fee in advance to secure the professional’s legal services for a set number of hours rather than pay...
A retainer's agreement is a contract entered into by two or more parties for the purpose of securing future services. These future services may be...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your tough ...
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 retainer fee acts as a...
Anevergreen retaineris a type of payment agreement where the client pays a deposit in advance of legal services and is placed into a separate trust account. This advance payment is not billed against by the attorney and/or law firm during the course of representation. Instead, evergreen retain...
Groupshift is seen when ___. What is a creditable coverage letter? A written legal document that defines ownership is called what? What steps should you take to format a paper properly? What is the purpose of an investor report? What...
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...
Fee Agreement:This is a brief document that summarizes my fees and helps a couple understand the maximum cost for my services (which is dramatically less than a single lawyer’s retainer). Client Input Form:This provides me with the core elements of the couples’ lives that I need to know...
Sometimes a dispute is best settled in a public courtroom. In other situations, litigation might preferable if the ability to appeal is important, if there are concerns about finding a competent arbitrator who won't be too timid, or if there is a need to resolve legal principles.11 Each ...