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  2. Retainer agreement - Wikipedia

    en.wikipedia.org/wiki/Retainer_agreement

    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. [1] Its distinguishing feature is that the client or customer pays in advance for professional work to be specified later. The purpose of a retainer fee is to ensure that the employed reserves time ...

  3. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    The Employee Retention Credit is a refundable tax credit against an employer's payroll taxes. [2] It was established as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law by President Donald Trump, in order to help employers during the pandemic. [3]

  4. Management contract - Wikipedia

    en.wikipedia.org/wiki/Management_contract

    Construction management contract is between the investor and the builder. This is for use on construction projects. This contract is usually appointed by the client (investor) in the early stage. The relationship between the client and the management contractor usually covers both the work of pre-construction and construction activities. [12]

  5. Retainage - Wikipedia

    en.wikipedia.org/wiki/Retainage

    Clients withhold retention against main contractors and main contractors withhold payment against sub-contractors. [3]: 16 Retentions typically take the form of a percentage on the contract value. [3]: 18 The rate can vary wildly but is typically around 5%. The general state of the economy can affect the rates set: in a buoyant economy with ...

  6. Letter of understanding - Wikipedia

    en.wikipedia.org/wiki/Letter_of_understanding

    A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service, a project or a deal and is often written as a step before a more detailed contract is issued. [1]

  7. How a GM layoff email sent to employees triggered a storm on ...

    www.aol.com/news/gm-layoff-email-sent-employees...

    The Detroit Free Press reported at the time that 634 of the jobs being cut then were at the GM Global Technical Center in Warren based on information provided to the state of Michigan.

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