Rcic retainer agreement 2025

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A common retainer arrangement is when a client pays up front for work that will be done in the future. This is a type of work-for-hire arrangement. A pay-for-work agreement could be used by a marketing consultant offering services that a client can pay for either on a monthly basis or up front.
If either you or your attorney terminate the relationship before the retainer is exhausted, and if allowed by the agreement and applicable laws, the remaining portion of the retainer may be refundable. Ensure the termination terms in your agreement are clear and consult a legal professional if needed.
A retainer agreement is a long-term work-for-hire contract between a company and a client that retains ongoing services from you (as a consulting business) and provides you with a stable amount of payments.
4.1 Effective November 23, 2021 the annual fee payable by an RCIC is $1,809.25 which may be paid in a single payment due on July 1, or four equal instalments due on July 1, October 1, January 1 and April 1.
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