setting up a retainer agreement begins with a client seeking the services of someone else in exchange for payment. each of these is a request for information that you are expected to fulfill by directly typing in the needed content. the second piece of information you must present to this document is also requested in this first article. we will now need to satisfy this paperwork’s need for a definition as to what precisely the professional will be paid for the work that is done.
whatever the case, if a contingency has been set in place for the professional then, it must be documented in this article for it to apply to both parties by marking the checkbox “there shall be a contingency-fee arrangement” then marking the next checkbox. the “retainer” required by the professional as a reservation for his or her services must be defined if it is to be considered part of this agreement. this choice will also need you to indicate if the client will be eligible for a refund of the retainer amount. any agreement not contained in this paperwork by the time the professional or service provider and the client sign their names will not be considered enforceable (unless it happens to be a law that requires adherence). additionally, he or she must enter the current calendar date immediately after signing and printing his or her name on the “date” and “print name” lines respectively the client in this contract will also need to formally declare the intention of adhering to its contents.
in consideration of the consultant providing expertise and services, and the company receiving and providing compensation for the expertise and services, the parties agree to the following: services. payments must be sent via electronic payment or check as follows: the consultant is entitled to reimbursement for all reasonable and necessary expenses incurred in the course of providing the services. either party may terminate this agreement at any time by providing the other party with a thirty (30) day written notice. the consultant may terminate this agreement immediately at any time if the company fails to pay for the services or breaches any other material term of this agreement. the parties understand this agreement is not an exclusive arrangement. the consultant is an independent contractor.
the consultant agrees to use the company’s confidential information solely for the purpose of performing the services. the parties agree that this agreement shall be governed by the state and/or country in which the duties of this agreement are expected to take place. in the event of arbitration and/or mediation, the prevailing party will be entitled to its legal fees, including, but not limited to, its attorneys’ fees. this agreement constitutes the parties entire understanding of their rights and obligations. if any section of this agreement is found to be invalid, illegal, or unenforceable, the rest of this agreement will still be enforceable. if any provision, right, or obligation is waived, it is only waived to the extent agreed to in writing.
a monthly retainer, also known as “pay for access”, is when a client pays a repeated amount to a service provider in exchange for monthly retainer. the company agrees to pay consultant a monthly retainer in the amount of $5000 per month until termination of this agreement. this client retainer agreement is for ongoing service agreements between a client and consultant or contractor., construction retainer agreement, construction retainer agreement, retainer agreement template word, freelance retainer contract template, retainer agreement template for consulting services.
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