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A retainer agreement for attorneys is a legal contract that outlines an attorney's responsibilities in exchange for upfront payment from a client. A retainer typically refers to advance payment for future legal services, functioning similarly to a deposit. There are several methods for paying retainer fees, with the most common being an advance for a specific legal case, ensuring the attorney's availability. Additionally, a fixed or variable monthly fee may be paid for ongoing legal support, which is common for individuals or businesses requiring regular assistance. It's important to remember that if a case is resolved early, any unused retainer funds may remain with the client or be adjusted.
