Legal Definition Of Retainer. A fee paid to a lawyer for advice or services or for a claim on services when needed. It is proposed to inquire, 1.
The purpose of a retainer fee is to ensure that the employed reserves time for the client in the future when their services. For this you pay an agreed fee and in return have access to their services when required. The act of a client by which the services of a lawyer are engaged.
Essentially, In Exchange For Upfront Fees, You Are “Holding” Your Lawyer.
The act of a client by which the services of a lawyer are engaged. However, when a retainer is in place, a company pays the contractor before the work goes ahead. Commonly in matters which will involve extensive work there will be a retainer agreement signed by the attorney and client.
A Retainer Agreement Is A Contract Wherein A Client Pays Another Professional In Advance For Work To Be Specified At A Later Point In Time.
In exchange, that professional agrees to. (a) the act of withholding what one has in one's own hands by virtue of some right. The purpose of a retainer fee is to ensure that the employed reserves time for the client in the future when their services.
An Executor Or Administrator Is Entitled To Retain In Certain Cases, For A.
Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later. The act of withholding what one has in one's own hands by virtue of some right. (2) also termed a retaining fee, a deposit or lump sum fee which the client pays in advance.
(1) A General Retainer, Which Is A Fee For A Specific Period Of Time Rather Than For A Specific Project.
There are three types of retainers, each with a different purpose: The act of a client by which the services of a lawyer, counselor, or adviser are engaged. The retainer is usually a fixed amount that the client commits to pay the attorney on a monthly basis in exchange for the opportunity to engage him in the future when legal issues come up.
A Fee Paid To A Lawyer Or Professional Adviser For Advice.
The act of a client by which he engages an attorney or counsellor to manage a cause, either by prosecuting it, when he is plaintiff, or defending it, when he is defendant. Retainer contracts are written agreements that exist between an organization and an independent contractor or consultant. Retainer fees do not guarantee an outcome or final product.
