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M. Retainer Agreement

1. RETAINER AGREEMENT

a. Requisites

1) Consent (i.e. signature portion)

2) Object (i.e. item sold or transacted)

3) Consideration (i.e. purchase price)

b. Magic Words

The client shall pay a monthly retainer fee of [amount] | payable to the lawyer starting next month from [insert: reckoning date]

For and in consideration of the above payment | the lawyer shall provide legal consultation to the client’s queries | via phone call, email, or SMS, within business hours from 8:00 am to 5:00 pm, from Mondays to Saturdays.

c. Reminders

1) A retainer agreement is a contract and thus the essential requisites should be present: consent, object, and consideration.

2) The format of a retainer agreement can be in the form of an engagement letter or a standard contract.


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