Retainer Agreement

A Retainer Agreement is a contract between a cLient and a service provider, typically an attorney, consultant, or freelancer, where the cLient pays a fee in advance for services to be rendered over a specified period. This agreement outlines the scope of services, payment terms, and the responsibilities of both parties.

Examples:

• Legal Services: A cLient pays a lawyer a monthly retainer to have access to legal advice and representation as needed.
• Consulting Services: A business hires a Marketing consultant on a retainer basis to provide ongoing strategy and support for its Marketing efforts.

Cases:

• Smith v. Jones Law Firm: In this case, the court upheld a retainer agreement where the cLient was required to pay a monthly fee for ongoing legal services, despite the cLient’s claim of inadequate service.
• ABC Consulting, Inc. v. CLient Corp: This case involved a dispute over the scope of services outlined in the retainer agreement, highlighting the importance of clear definitions in the contract.