In reality the increasingly complex business environment, there are always potential legal issues that businesses may encounter during their operations, which has created a growing trend of using The Retainer For Legal Services. In this article, let’s learn about the concept and content of this type of service with TTVN Legal.
Concept of Retainer For Legal Services
A retainer for a legal services is a subject used in the legal field, according to client will paid the fee upfront to secure that the lawyer will be available to work on the client’s case when they need it. It essentially “reserves” the time and expertise of a lawyer, making them accessble to the client for an agreed-upon period. The amount of the retainer fee can vary and may be a flat fee per month, quarterly, even yearly or hourly rate.
Descriptions of Retainer For Legal Services
As mentioned in the concept section, when using retainer for a legal services, clients will be guaranteed to be provided with legal services when needed. In the course of their business operations, clients may encounter the following common mattes:
- Consulting on drafting/ reviewing contracts, for example: labor contracts, sales contracts, business cooperation contracts, investment contracts, etc.
- Consulting on drafting/ reviewing internal legal documents, for example: operating charters, meeting minutes, decisions, labor regulations, salary regulations, bonus regulations, collective labor agreements, etc.
- Consulting on drafting response documents when requested by relevant state management agencies.
- Consulting on solutions to arising disputes, for example: disputes between company and its employees, disputes between members of company, disputes between company and third parties (suppliers, customers, etc.).
What Can TTVN Legal Support Clients?
Based on the specific needs of the Client, our lawyers at TTVN Legal will assist on valuate and advise on appropriate retainer for a legal services packages
Contact us if you need further advice
Note: This article is for informational purposes only. The content of the article represents its own TTVN Legal it is subject to change without prior notice.