ADVOCATE FOR RETAINERSHIP at affordable and reasonable rates in Andheri East
WHAT IS A RETAINER :
It is common for a person seeking the service of a lawyer to pay a retainer that is a retainer fee to the lawyer, to see a case through to its conclusion. A retainer can be a single advanced payment or a recurring payment that is monthly payment.
WHAT IS A RETAINERSHIP :
A retainership is a legal agreement between an attorney and client in which the attorney agrees to provide future legal services to the client.
The agreement usually specifies the terms of payment and may also include a provision for termination of the relationship.
WHAT IS A RETAINER BASIS :
Engaging a lawyer on a retainer basis means you retain the services of a lawyer whom you trust with your business' affairs for a period of time. A retainer is also known as a deposit or lump-sum which a client will pay in advance to the external lawyer to secure the services of the said lawyer. This ensures that the client’s company or business will be given priority over other clients when services are needed.
You will be asked to sign a Retainer Agreement upon retaining a lawyer. Here are some general clauses which can be found in a retainer agreement:-
● Scope of work (for instance, providing general legal advice, liaising with external lawyers, vetting or reviewing agreements etc).
● Retainer fees (including the payment method and schedule, disbursements and other costs).
● Term of engagement.
● Right to termination
In most cases, the parties will discuss and negotiate the terms of the engagement before the finalization of a Retainer Agreement.
PURPOSE OF A RETAINER AGREEMENT :
The retainer agreement's goal is to ensure that the advocates do not mislead or take the client for granted. It is designed to protect both the client and the advocate. In the case of an advocate, they are compensated by the client for their services.
The other benefit of hiring a lawyer on retainer basis is none other than the speed of access to a lawyer who is familiar with the way your business runs and whom you trust. Not only can this help to save valuable time, but it also allows you to run your business confidently with a peace of mind with minimal cost.
BENEFITS OF A RETAINER :
· Stress is reduced when you have a lawyer available for quick legal advice
· Potential legal issues are mitigated before they get out of hand
· Access to a lawyer who is intimately familiar with your business operations and potential legal requirements
· Compliance with a variety of complex laws can be ensured if you assign a lawyer to perform recurring legal work on behalf of your business.
RETAINERSHIP FEE :
Retainership fee is fixed based on the following criteria:
a) Amount of time required to be spent
b) Complexity of the assignment
c) Industry assessment with regards scope of advice to be provided
d) Number of team members to be deployed and the continuity of the mix
e) Is the fee to be capped for a particular number of years?
f) Risk perception
g) Personal experience and reputation in the profession
h) Retention under tax and other laws.
i) Timeliness of payment.
WHY US :
We have the requisite experience and expertise when it comes to Corporate matters. As a lawyer I can help you navigate the legal landscape, ensuring that you are making informed decisions that are in the best interest of your business at very minimal professional fees. We can also help you avoid potential legal problems by reviewing contracts, advising on compliance with laws and regulations, and handling legal disputes. We not only brings clarity of thoughts, views but also provide effective reliable solutions with a good past track record
#Documentation #handling legal disputes #Compliances #Consent Terms #Term sheet #Agreements #Contracts#Corporate Advisory Services #Retainers #Power of Attorney #Sale Deed # Negotiations
