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M. 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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