A retainer agreement is a contract between an attorney and a client that outlines the terms of their professional relationship. It is an important document that should be carefully reviewed and understood before signing.
The first thing to keep in mind when entering into a retainer agreement with an attorney is the scope of their services. This should be clearly defined in the agreement to avoid any misunderstandings later on. For example, if you are hiring an attorney for a real estate transaction, the agreement should specify what tasks they will perform, such as reviewing contracts, attending closings, and so on.
Another important aspect of a retainer agreement is the fee structure. This should also be outlined in detail, including how much the attorney charges per hour, how they bill for expenses such as travel or copying, and how often you will be billed. It is essential to understand the fee structure and ensure that it aligns with your budget and expectations.
The retainer agreement should also include information on how communication will be handled between you and the attorney. This might include how and when you can expect to receive updates on your case or how to contact your attorney if you need to ask them a question.
It is also worth noting that a retainer agreement can be terminated at any time by either party. If you decide that the attorney is not meeting your needs or you wish to hire someone else, you have the right to terminate the agreement.
Overall, a retainer agreement is an essential document when working with an attorney. By reviewing and understanding the terms of the agreement, you can ensure that you are on the same page with your attorney and that your needs are being met. If you have any questions or concerns about a retainer agreement, do not hesitate to ask your attorney for clarification.