What Should Be Included In A Retainer Agreement

You may also be able to pay in installments. A mandate contract is a contract you have with your lawyer that defines and establishes your relationship. A mandate contract is written and includes terms such as: Mandates have become particularly popular in the legal field, where clients would use the services of the lawyer in case they need legal assistance. How exactly does it work? In exchange for a regular monthly fee, the lawyer agrees to provide a certain number of hours of service. If you apply the same logic to your consulting firm that is involved in a regular mandate contract, you will get stable cash flows. Sounds fantastic and promising, doesn`t it? Instead, you can offer a monthly holdback that requires a notice period and an extended mandate contract for clients who are willing to invest in your time.

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