Q:
Is a retainer fee refundable?
A:
Quick Answer
An attorney's retainer can serve as a flat fee that is nonrefundable to secure services, or it can serve as a refundable retainer that serves as a deposit in which the lawyer deducts hourly fees when used, according to Ingenuity Law. Unused funds are returned with a refundable retainer.
Continue ReadingFull Answer
When an attorney receive a retainer, the payee is secured as a client, and the attorney agrees not to conduct work that conflicts with the services needed by the client, according to Ingenuity Law. When work is performed, fees are deducted from a refundable retainer, and when the work equals the value of the retainer, the client is often billed for additional work.
Learn more about Financial PlanningSources:
Related Questions
-
Q:
What are some companies that offer free debt settlement services?
A: A 2010 law required debt settlement companies to stop charging upfront fees to consumers, but no debt settlement services are free, because the fees are re... Full Answer >Filed Under: -
Q:
What is a legal aid attorney?
A: A legal aid attorney is a lawyer who provides free legal services to people who cannot otherwise pay for legal advice or representation in court. Legal aid... Full Answer >Filed Under: -
Q:
What is a no win, no fee lawyer?
A: A no win, no fee lawyer is one that takes cases on a contingency basis, meaning the lawyer does not charge for his services unless he wins the case, AllLaw... Full Answer >Filed Under: -
Q:
What are some features of SAFE Federal Credit Union?
A: Some features of SAFE Federal Credit Union savings services are compounded dividends earned on the average daily balance that are paid quarterly, itemized ... Full Answer >Filed Under:
You May Also Like
-
Q:
Does Kettle Moraine State Park charge an admission fee?
-
Q:
What are the benefits of a 401(k) with Fidelity?
-
Q:
Does the do-it-yourself will or Suze Orman Will and Trust Kit hold up in court?
-
Q:
What are some tips for setting up a 401(k)?
-
Q:
What are some key reasons for retiring?
-
Q:
How do you make sure that proceeds go to a named beneficiary?
