Definition of «retainer»

A retainer is a person or group hired to perform services, typically for an extended period of time. In law, it refers to a fee paid by one party to another as security that they will fulfill their obligations under a contract.

Usage examples

  1. On the first day of orthodontic treatment, the patient is required to wear a retainer to maintain the new position of their teeth.
  2. After signing the contract, the lawyer asked for a retainer fee to secure their services for the upcoming legal case.
  3. As part of the agreement, the graphic designer requested a monthly retainer from the client to provide ongoing design services.
  4. The company hired a marketing agency on a retainer basis to have access to their expertise and receive regular marketing support.
  5. The freelancer asked the client to pay a retainer upfront before starting the project, ensuring a committed relationship and a guaranteed income.

Sentences with «retainer»

  • A form of retainer agreement should be in place. (canadianlawyermag.com)
  • If you exclusively practice personal injury, you won't need to draft many different types of retainer agreements. (lawyerist.com)
  • Our monthly retainer fees allow us to serve all clients, and allow us to have no asset minimums in order to become a client. (HyllandCapital.com)
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