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A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3] The retainer agreement may serve as the basis of authority for a legal advocate.
In this context, the "agency" may actually be a television network, music or movie production company, or an individual agent. It is a type of retainer agreement in that the artist is compensated for work yet to be determined. The deals usually require exclusivity for a fixed period of time, in which the entertainer agrees to not sign or work ...
The checks were logged in internal records as legal expenses arising from a retainer agreement. Prosecutors allege the payments were mislabeled to conceal Cohen’s reimbursement and the ...
Money within the retainer is often used to "buy" a certain amount of work. Some contracts provide that when the money from the retainer is gone, the fee is renegotiated. This is to be differentiated between a retainer in Commonwealth states, where a retainer is the contract that is initially signed by a client to engage a lawyer.
This included a £24,000 legal retainer, £23,774 of expenses on travel and food and drink and £7,454 of staff expenses with "no itemised receipts or other proof of purchase".
Retainer agreement, a contract in which an employer pays in advance for work, to be secured or specified later, when required; Domestic worker or servant, especially one who has been with one family for a long time (chiefly British English) Affinity (medieval), also Retinue, a person or group gathered around in the service of a lord
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