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Commonly Asked Questions about Retainer Agreement Templates

Multiply each team members hourly cost by the number of hours theyll spend each week, month, or quarter on the retainer work. This gives you your Team Cost. Note that this wont just be the salary or hourly wage but the full cost of each employee, including any employment taxes, fees, benefits, etc. Desired Margin.
With a retainer agreement, the client agrees to pay upfront for ongoing services. In other words, your client pays your agency a monthly fee to secure your professional services on a continuous basis.
Understand attorney-client retainer agreements At its core, an attorney-client retainer agreement is a contractual bond between you, the client, and your chosen attorney. Also known as an attorney fee agreement or legal services agreement, this legally binding document outlines the terms of your legal partnership.
Under a typical retainer agreement, the client pays the agency a fixed fee for a specified period of time, usually on a monthly or quarterly basis. In exchange, the agency agrees to provide the client with a certain minimum level of service each month.
What Is a Retainer Model? A retainer model refers to an agreement between an agency and a company for a specified amount of time (usually 18 months) where a company pays a fixed rate every month to the agency for a certain amount of work carried out.
What is a Retainer Fee? A retainer fee is an upfront fee paid by a client for the professional services of an advisor, consultant, lawyer, freelancer, etc. The fee is commonly associated with attorneys who are hired to provide legal services.
To summarize what is a retainer agreement, it can be structured in several different ways: Client pays a set amount each month to access a certain amount of time. Client pays a set amount each month for a specific set of deliverables. Client pays simply to have access to the freelancer.
What should be included in a retainer agreement? 1) Parties. The first part of the agreement should simply state which parties are involved. 2) Services. Next up, list out the services that are included in this agreement. 3) Term. 4) Retainer fee. 5) Scope of work. 6) Client responsibilities. 7) Confidentiality. 8) Termination.