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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. In the legal context, a retainer typically represents an advance payment for future services, akin to a deposit. There are various ways to pay retainer fees; the most common involves an upfront payment for a specific legal case, ensuring the attorney's availability. Additionally, clients may pay a fixed or varying monthly amount for continuous legal assistance, which is beneficial for individuals or businesses needing regular legal support. It's crucial to remember that if a case resolves early, the unused portion of the retainer may not be refunded.
