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A Sample of Retainer Agreement

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DOCX
Pages
3
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Document Overview

A Retainer Agreement is a legally binding contract between a client and a service provider (such as a lawyer, consultant, accountant, or designer) in which the client pays a fixed, recurring fee—called a retainer—in exchange for ongoing or priority access to services over a specified period.

Key Components of a Retainer Agreement:
1. Parties to the Agreement
2. Scope of Services
3. Retainer Fee and Payment Terms
4. Retainer Period
5. Time Allocation or Usage Limits
6. Client Responsibilities
7. Confidentiality
8. Intellectual Property (IP) Rights
9. Termination Clause
10. Dispute Resolution
11. Force Majeure
12. Governing Law
13. Entire Agreement and Amendments

Purpose of a Retainer Agreement:
1. The client is assured that the service provider will be available when needed.
2. Provides the service provider with steady income, allowing better planning and availability.
3. Fosters continuous engagement and builds trust between client and provider.
4. Prevents misunderstandings by clearly defining what services are included under the retainer.
5. Helps both parties understand the billing structure and avoid disputes over fees.

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