Exclusive Consulting Agreement With Retainer
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How to fill out Exclusive Consulting Agreement With Retainer?
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FAQ
Calculate the Retainer FeeMultiply your hourly rate, with tax included, by the number of hours required to get your retainer fee. Any other expenses should be added to this number, such as supplies or processing and legal fees.
How to Write a Retainer AgreementStep 1 Acquire Your Copy Of The Retainer Template From This Page.Step 2 Introduce This Retainer, The Service Provider, And The Client.Step 3 Define When Service Must Begin And When It Must Terminate.Step 4 Document The Pay Rate Or Manner Of Compensation.More items...
A retainer agreement is a long-term work-for-hire contract between a company and a client that retains ongoing services from you (as a consulting business) and provides you with a stable amount of payments.
A consulting retainer is a fixed sum of money paid in full, upfront to hire a consultant for an allotted period of time. It's a pricing model that covers a consultant's assistance with specific deliverables or expertise to guide more general operations.
To summarize what is a retainer agreement, it can be structured in several different ways:Client pays a set amount each month to access a certain amount of time.Client pays a set amount each month for a specific set of deliverables.Client pays simply to have access to the freelancer.