What is a General Retainer Agreement and How Can it Benefit You

At The Cromeens Law Firm, PLLC, (TCLF) we pride ourselves on delivering the highest level of representation and customer service at all times to our clients, and your satisfaction with our services is very important to us.

As part of our goal to best serve you in the most cost-effective manner, we offer a flexible general retainer agreement, which can benefit your business in a variety of ways. Below you will find an overview on this type of agreement that we offer and details on why this option may work best for you.

What is a General Retainer Agreement?

A general retainer agreement is a written, signed contract between an attorney and a client. By signing, you are agreeing that the attorney will represent you and the attorney is agreeing to provide the legal services in connection with your matters. A general retainer agreement sets forth the important terms and conditions under which your attorney-client relationship will be conducted, including how payment for services will be handled, the extent of representation and other surrounding relationship components.

The actual “retainer” is a fee paid to an attorney in advance for services, and is in effect a down payment that will be applied toward the final amount billed after work has been completed. The purpose of a “retainer” is to ensure payment for future services or work to be rendered.

What are the Benefits of a General Retainer Agreement?

A general retainer agreement is ideal for businesses that have a variety of on-going legal needs versus one specific matter. This type of agreement offers a variety of unique benefits including:

  • Cost Effective Structure: Only one initial retainer fee is due upon signing of the agreement, versus having to provide a new retainer amount each time a specific matter requires legal services. Many businesses find having an attorney on retainer to be more financially beneficial than having to pay for full-time, in-house counsel.
  • Convenience: A dedicated attorney is on-call and available anytime you need assistance. By closely working on continuous matters for your business, a stronger client-attorney relationship is always in place.
  • Reduce Risk: Your attorney is available anytime you have questions, and can proactively help you mitigate risks and stop legal disputes from starting through upfront advice/counsel. In addition, you will not have to search for a new attorney when a problem arises, and risk taking a chance on a new relationship.

If your situation calls for multiple legal needs, we are always happy to discuss how a general retainer agreement can specifically benefit you.

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This article is intended as a general educational overview of the subject matter and is not intended to be a comprehensive survey of recent jurisprudence, nor a substitute for legal advice for a specific legal matter. If you have a legal issue, please consult an attorney.