retainer fees
Advance service payments
Retainer fees are advance payments made to secure professional services—typically from lawyers, consultants, or other specialists.
The fee reserves the professional's time and availability, whether or not that time is fully used: The firm charges a monthly retainer fee of five thousand dollars.
Retainer fees may be applied against future billable hours or kept as a flat access charge.
- advance paymentPayment made beforehand
- attorneyLicensed legal representative
- consultantProfessional advice provider
- depositPlace for safekeeping
- billAmount owed, written
freelancer · work for hire · exclusivity · legal fees · payment · service agreement · hourly rate · contingency fee · contract · availability · escrow · accountant · engagement · lawyer · law firm · contractual obligation · invoice · deliverables
- feesfee, fees, service fee, service charge, flat fee
- fundingfunding, grant, loan, grants, venture capital
- legal costsattorney fees, court fees, court costs, legal fees, filing fees
- legal feeslegal fees, attorney fees, hourly rates, legal costs, fees
- law practicelaw firm, law office, legal fees, billing, case files
- incomesalary, earnings, income, wages, pay
retainer feeshourly billing
Payment calculated per hour
billable hours · pay-per-use · pay-as-you-go · contingency fees