Buy Electronic Signature Retainer Agreement Template For Free - Retainer Agreement

Retainers are typically long-term agreements, lasting anywhere from six months to several years. They're usually structured as monthly or quarterly payments, with the agency billing the client in advance for its services.

Make sure all the following details make it into your retainer contract: The amount you're to receive each month. The date you're to be paid by. Any invoicing procedures you're expected to follow. Exactly how much work and what type of work you expect to do. When your client needs to let you know about the month's work by.

7 Best Practices for Creating a Monthly Retainer Contract Create an Airtight Contract. Making Provisions. Set Tiers. Define Payment Terms. Reports. Re-evaluate. Establish an Offboarding Strategy.

Make sure all the following details make it into your retainer contract: The amount you're to receive each month. The date you're to be paid by. Any invoicing procedures you're expected to follow. Exactly how much work and what type of work you expect to do. When your client needs to let you know about the month's work by.

A retainer is a legally binding contract, and violating it could have serious consequences. If you're not sure you should agree to a retainer, don't do it without consulting a lawyer -- because once you sign that document, it's hard to go back.

6 Types of retainer agreements Pay-for-work retainer. A pay-for-work retainer agreement stipulates a monthly rate the client pays for the agency's work. ... Pay-for-access retainer. ... Project-based retainer. ... Time-based retainer. ... Lump sum retainer. ... Recurring retainer.

The retainer proposal will typically include details such as the scope of work, deliverables, timeline, fees and payment schedule. It should also outline any additional expenses or costs that may be incurred during the course of the engagement.