When you’re providing professional services like consulting or a law firm completing contracted work, it can be challenging to ensure the pay for your work is fair. A retainer agreement is a tool that helps you establish terms for the services you’ll provide and payment for those services. Having retainer agreements in place with your clients can improve your income security and workload consistency.
As a business owner, of course you want those things, but implementing new measures can be complicated. With this guide, you can set up your own retainer agreements and achieve greater stability for your business. Use the links below to jump to a specific section, or read this post from start to finish for everything you need to know.
- What is a retainer agreement?
- How do retainer agreements work?
- What types of industries typically use retainer agreements?