Services Agreement Between With Retainer

State:
Multi-State
Control #:
US-EG-9140
Format:
Word; 
Rich Text
Instant download

Description

Application Services Agreement between AristaSoft Corporation and Turnstone Systems, Inc.
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FAQ

A monthly retainer fee is paid in advance by your clients to ensure that your services will be available to them for the period covered. Clients on a monthly retainer usually pay a recurring fee, and they usually work on long-term projects with different agencies, who are available at their beck and call.

The retainer fee ensures that the hired service provider reserves time for the client in the future when there is a need for their services. Unlike a one-time contract, a retainer agreement is a long-term work-for-hire contract and thus can retain ongoing services.

Retainers are payment agreements between a client and a service provider. The client pays a specific amount of money to a business usually monthly and, in return, receives a set of services during that same time period.

Retainer agreements should:Always be in writing.Contain a statement that the firm has conducted a search for conflicts of interest and either (1) there are no conflicts, or (2) appropriate parties, including the client, have been advised of potential conflicts and waived them.Define the scope of the engagement.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.

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More info

Retainer fees are required in full in advance of services; payment is due on or before 1st of each month. A retainer agreement is a work-for-hire contract.It falls between a one-off contract and permanent employment, which may be full-time or part-time. A Retainer Agreement values your time and effort. One month, your schedule is booked full of project work. In agency-speak, a retainer refers to a rolling month-to-month agreement between the agency and the client. If you are going to be on retainer to offer services to a customer, use this contract. Special retainers: Flat fee for a specific case or project. A retainer agreement is a formal contract between a service provider and a client laying out the terms of the work to be conducted every month. These fees, almost always paid upfront, only ensure the commitment of the receiver.

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Services Agreement Between With Retainer