Retainership
/rɪˈteɪnərʃɪp/
Definitions
- (n.) A contractual arrangement in which a client pays a professional, especially a lawyer, a fee to secure their services in advance.
The company entered into a retainership agreement with the law firm for ongoing legal advice.
Forms
- retainerships
See also
Commentary
Retainership often involves an upfront fee to ensure availability, differentiating it from pay-per-service models.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.