Pay For Access Retainer Agreement Template

The retainer payment is due immediately after the agreement is signed.

Pay for access retainer agreement template. The terms of the agreement vary depending on many factors. The second approach to consulting retainers is called pay for access. Its the model that the most advanced and seasoned consultants use because it doesnt rely on you actually providing work. There are two 2 types of retainer agreements 1 pay for work and 2 pay for access.

What is a retainer agreement. That payment then enables the client to access the skills and experience of that worker or service provider on demand or for a set period of time. A retainer agreement is a contract between a company and a service provider that lays out the details of a retainer arrangement for example the length of the retainer period the payments that will be provided and details of termination. Hourly retainer beginner.

Your consulting isnt tied to the deliverables that are specified in a particular contract. This model will only work if you already have a trusted relationship with the client. You can negotiate the terms of your retainer but generally speaking the hours are set aside each month and if the client doesnt use them they lose them. A retainer fee is an amount of money paid in advance by a client to assure your services will be available to them for an extended amount of time.

If the retainer is pay for access it will allow the client to services on a recurring basis for a set number of hours every month. This is the simplest of the retainer models. Client will pay a retainer to consultant for the services in the amount of this fee shall be payable in advance upon contract signing. This retainer is non refundable.

Pay for access retainer. Pay for access is the model that i prefer. With the pay for work model really youre still trading hours for dollars. In the pay for access consulting retainer the client could even pay up to six months upfront to be able to access your expertise.

Thats like subscribing to a legal helpline for a year and never making a call. The two parties can agree on a retainer based on the project scope or a specific amount of hours. When you spend half a day or a few hours on a monthly basis for that client youre getting paid for the time you spend. Consultant shall bill first to the retainer.

Under some retainer models if the client does not use the time they pay the retainer nonetheless and lose it. The most common type of accounting retainer is when the client pays a portion or all of the services upfront. A retainer agreement is a contract signed between the client and freelancer in which the former commits to paying the latter a certain amount of money each month. The client agrees to pay you a specified sum in advance to secure a number of your hours each month or week.

1 pay for work. The client pays a lump sum upfront or makes a recurring monthly payment and you work with them on a long term project or provide them with access to services each month. 2 pay for access. Upon depletion of retainer.