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...
Theescrow agent, which is typically a lawyer, holds the assets until predetermined contractual obligations are fulfilled. Once the agreement terms have been satisfied, the escrow agent releases the funds or property held in escrow to the appropriate party.2 Real Estate In Escrow While the property ...
However, usually the term “franchise fee” usually refers to the initial fee. The Federal Trade Commission governs franchising legal requirements in the United States. Under the FTCFranchise Rule, this is called the “initial fee”. Other typical fees are royalties and marketing / advertising fees...
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...
An offer is a firm proposal ready to be accepted; the only thing missing is acceptance by the offeree. An invitation to bargain, however, is a willingness to negotiate. Goods in a store with price tags are typical examples of an invitation to bargain. The display of goods with the price...
Tenant Lease Agreement: The lease is a crucial document in the success of your rental experience. It should be clearly written, with all terms laid out from the security deposit to special rules and regulations. Ask potential property managers if a lawyer has reviewed their lease? If not, tha...
A no cost refinance is a home loan transaction in which the mortgage lender pays some or all settlement costs on your behalf. This includes typical lender fees such as processing and underwriting fees, the appraisal fee, andloan origination fees, along with third party costs like title/escrow ...
“articling” or a work placement with a law firm, working as a trainee lawyer, articled clerk, judicial clerk or associate. If you’re studying under English common law, this is when you decide whether you want to become abarrister or solicitorin order to then pursue specific further ...
A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.
What Is the Adjustment Frequency? How often an adjustable-rate mortgage (ARM) increases or decreases in tandem with changes to its underlying benchmark rate is theadjustment frequency. A typical adjustment frequency for ARMs is one year, but the frequency also can be monthly or every few years...