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A web or graphic designer retainer agreement is a contract that outlines the terms of services provided, upfront payment details, and the benefits of utilizing a retainer. It ensures the availability of the service provider and helps with upfront costs. The retainer can cover part or all of the estimated service charge, with additional costs billed if more time is needed. Unused funds should be returned to the client unless stated otherwise. The contract should include names, services to be provided, payment terms, and termination clauses.