Retainership Agreement
Retainership Agreement
Retainership Agreement
quality. We have a turnaround time on legal opinions of 24 hours on simple queries and 72 hours on more
complicated subjects requiring extensive research.
We have a flexible billing system.
For litigation cases whose duration is unpredictable so that
the time involvement of every lawyer cannot be calculated
with reasonable certainty, we charge an acceptance fee first,
then bill by the hour. Acceptance fee for litigation cases starts
at US$4,000.00. Hourly billing is US$75.00.
For legal opinions and research not covered by a retainership
agreement, we charge a flat rate of US$ 200.00 for each
subject matter instead of an hourly billing. The coverage of
the research includes one main subject matter and its related
or incidental topics, exceptions and qualifications. Multiple
questions on unrelated subject matters or ones bearing only
tenuous connection or relation with one another shall be
treated as different subject matters and charged separately.
The Firm gives the client wide leeway on questions and is
inclined to resolve all doubt in the treatment of related subject
matters in favor of the client.
For services covered by a retainership agreement, we change
a monthly retainers fee of US$1,000.00.
For special projects, such as incorporation, registration and
licensing, we bill by the package subject to mutual
agreement.
Retainership Agreement
Gentlemen:
We are pleased to submit to you herewith the following proposal for a legal retainership arrangement with
your company.
Retainer Fee. The proposed monthly retainer is U.S.$1,000.00, payable in the first week of each month,
which amount is subject to adjustment upon mutual agreement, as work experience between us
develops.
Date of Effectivity. We propose that the retainer arrangement take effect upon payment of the first
retainers fee of U.S.$1,000.00. It shall be subject to termination upon 60 days written notice given by
either party to the other.
Scope of Retainer Services and Hence NOT Subject to Additional Billing. The services which will be
covered by the retainer arrangement, which will not be subject to additional billing, include the following:
Consultations, advice, and the giving of opinion on all fields of
law affecting your companys business, such as general
commercial law, corporation law, and labor law but excluding
tax law.
Supply of full text of laws, Supreme Court decisions,
administrative rules and regulations, Presidential issuances,
Our experience is that sometimes, even outside specific conflicts of interest areas, a retainer client might
regard its general interest as adversary to those of another client of our firm. In such situation, we would,
as a general policy, address the feasibility of specific engagements on a case-to-case basis.
In commercial and financial matters, our experience has been that, where the parties have previously or
independently (i.e., without our involvement) arrived at an understanding on the basic economic terms of
their relationship, such parties have often been willing to commission our firm as "transaction counsel". By
transaction counsel, we mean counsel whose principal task is to craft the documents which will embody
the terms, conditions and substance of the agreements reached by the parties. Clearly, this type of
engagement also needs to be approached on a case-to case basis.
The undersigned will be the overall Partner-In-charge of your account. You may at all times contact him
directly regarding any matter enumerated above.
We very much appreciate your considering our firm as retained counsel.
If you find the above retainer proposal acceptable, please sign on the appropriate space below and return
to us one signed copy hereof.