Slide side in the Retainer Agreement Template

Aug 6th, 2022
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How to slide side in the Retainer Agreement Template

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okay so welcome to legal blocking 35 this is the second part this is not a QA session this is a demo with open law well today with Michael and Kristen so its your turn guys your demo welcome yeah great thank you so Im Michael rice Im with open law Im an attorney in California and a software engineer so we kind of put the words together just called a legal engineer thats my title here at open law um I guess Kristen we did intro is on the last session but I guess for the benefit of people who havent seen the previous version can you give an intro real quick yeah so my name is Kirsten Albers fiedler thank you for having us joined today Im also an attorney and I work engineering great um so for context so we weve had some communication or I should back up a little bit for the benefit of anybody whos who hasnt seen the prior demo mmm I would recommend you do that because weve got it some pretty good slide presentations on what open law is generally what what were trying to acco

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A retainer agreement is a work-for-hire contract. It falls between a one-off contract and permanent employment, which may be full-time or part-time. Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later.
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.
A retainer agreement is a contract between a company and a service provider that lays out the details of a retainer arrangement, for example, the length of the retainer period, the payments that will be provided and details of termination.
However, they also come with potential disadvantages, including limited client flexibility and the risk of complacency. To make the most of retainer agreements, both consultants and clients should understand the terms, scope of work, and pricing structure clearly.
A retainer is the contract essential to the creation of any relationship between lawyer and client, entitling the lawyer to charge legal costs. A costs agreement is a second contract about the payment and quantification of the legal costs flowing from a retainer.
In agency-speak, a retainer agreement is an ongoing month-to-month agreement between a service provider and their client. Think of a retainer contract as a work-for-hire agreement where you complete either a set amount of work for the client on a monthly basis or commit a set number of hours to their work.

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