Monthly Retainer Agreement Sample

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Monthly retainer agreement sample. A retainer agreement is a pre payment of hours to an attorney accountant or other professional. This document is similar to a service agreement however the factor distinguishing the service agreement. What they are and how they can save your freelancing career. You can then plan your work properly fully assured that money to cater for any forthcoming expenses will come in.

Retainer agreements are commonly an on going arrangement that can be canceled at any time with proper notice. This retainer agreement agreement is being made between consultant name consultant located at street address city state and company name company located at street address city state on month dd 20yy. A retainer agreement is often referred to as an engagement letter. This retainer agreement this agreement or this retainer agreement effective as of date effective date is made by and between company name a company organized and existing in state with offices located at address company and consultant name a company organized and existing in state with offices located at address.

This is common for individuals who are known in their field and the retainer acts as a deposit on future services requested. What is a retainer agreement. Consultant name and company name may also be referred to as party or together as the parties. You can also recruit new members of your workforce in case the project demands more hands.

A retainer agreement is a contract wherein a client retains the services of a service provider or independent contractor who renders the services in exchange for a retainer fee the retainer fee is an advance payment of professional fee for the provision of services required by the client.