A retainer agreement is a contract between a freelancer and a client that outlines the terms of an ongoing working relationship. The client pays the freelancer a set fee upfront, and in return, the freelancer agrees to provide a certain amount of work or services over a specified period of time.
Retainer agreements can provide several benefits for both the freelancer and the client. For the freelancer, a retainer agreement can provide a steady stream of income and help them plan their workload more effectively. For the client, a retainer agreement can provide a sense of security and ensure that they have access to the freelancer's services when they need them.
A retainer agreement should include the scope of work, the payment terms, the duration of the agreement, and any other relevant details such as the frequency of communication and the process for making changes to the agreement. It's important to be clear and specific about what services the freelancer will provide and what the client can expect in return.
To ensure that your retainer agreement is legally binding, it's a good idea to have it reviewed by a lawyer. They can help you make sure that the terms of the agreement are enforceable and that you're protected in case of any disputes. It's also important to make sure that both parties sign the agreement and that you keep a copy for your records.