Legal retainer agreement pdfLegal Retainer Agreement • October 5th, 2023
Contract Type FiledOctober 5th, 2023Updated September 07, 2023A retainer agreement is a contract between a client and a professional who requires an upfront payment applied to future work. A retainer can be set up as a one-time payment or for a recurring period. The agreement will detail compensation, hours, contingencies, and any other terms for the services provided.A retainer acts as a non-refundable deposit for future service from an attorney, accountant, or other professional.A monthly retainer, also known as “pay for access,” is when a client pays a repeated amount to a service provider in exchange for access to their services. This is common with companies that seek constant advice from accountants, attorneys, or other professionals whose services are needed on a continued basis.Setting up a retainer agreement begins with a client seeking the services of someone else in exchange for payment. The retainer agreement acts as both an agreement for services and allows the service provider to collect pre-payment for fut