retainer agreements
Prepaid legal arrangements
A retainer agreement is a contract in which a client pays in advance for ongoing professional services—typically from a lawyer, consultant, or other specialist.
The arrangement guarantees the professional's availability and often secures a set number of hours per month: We have her on retainer for any legal issues that come up.
The retainer fee may be refundable if unused or treated as a deposit against future billing.
- legal counselProfessional juridical guidance
- consulting servicesProfessional advice for organizations
- advance paymentPayment made beforehand
- monthly feeRecurring periodic payment
- flat rateUnchanging price regardless of quantity
freelance agreements · refund policy · contract · invoice · contingency fee · confidentiality · conflict of interest · good faith · deposit · termination · hourly rate · payment terms · escrow · arbitration · breach · enforceability · billing cycle · expense reimbursement
retainer agreementshourly billing
Payment calculated per hour
billable hours · fee-for-service · pay-as-you-go · contingency fees · piecework
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