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Retainer Agreement

Retainer Agreement

Retainer Agreement

A Retainer Agreement is a legal contract between a client and a service provider, typically a lawyer or law firm. This document outlines the terms of their professional relationship, including:

1. Scope of services

2. Fee structure and payment terms

3. Duration of the agreement

4. Client responsibilities

5. Confidentiality clauses

6. Termination conditions

Retainer Agreements help set clear expectations for both parties, ensuring a smooth working relationship and preventing misunderstandings. They’re commonly used in legal services but can also apply to other professional fields like consulting or accounting.

By establishing the terms upfront, Retainer Agreements protect both the client’s interests and the service provider’s rights, making them an essential tool in professional engagements.