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Making a Retainer Agreement
A Retainer Agreement is a work-for-hire contract where the client or service recipient pays a service provider or contractor in advance for work which will be determined later. Before the service provider does any work, the client and service provider agree upon the fee which will be paid in advance and the type of services which will be rendered. The service provider is not an employee of the client, but is instead a Service Provider.
Retainer Agreements are not mandatory; however they will help make clear the terms under which a service provider is contracted. If you plan to pay a service provider upfront before the services are complete or provide services on a job or project basis, then a Retainer Agreement will be useful.
The Retainer Agreement should include all the terms of work agreed upon by both the client and service provider, payment, and any termination details. Allowing time for both parties to conduct a comprehensive review of the Retainer Agreement will help avoid any future misunderstandings between the parties when the time comes for the service(s) to be complete. If you have any questions as to whether a Retainer Agreement is the best fit for your circumstances and needs, a Rocket Lawyer On Call® attorney may be able to assist you.
A Retainer Agreement is easy to make online with Rocket Lawyer. After answering some simple questions, our document builder will create your document for you. Consider the following questions beforehand to make the process faster:
If you’ve started your Retainer Agreement and find yourself stuck on a detail, you can save the document and finish it later.