Retainer Agreement

A retainer agreement is a contract between a client and a service provider, such as a lawyer or consultant. It establishes a working relationship where the client pays a fee in advance, securing the provider's availability for a specific timeframe or set of services. This arrangement ensures the client has prioritized access to the provider's expertise and support, while the provider benefits from guaranteed income. The terms of the agreement outline the scope of work, payment structure, and any specific conditions, helping both parties manage expectations and responsibilities.