How Do Retainer Agreements Work?
January 7, 2009 4:22 PM Subscribe
Are retainer fees common outside of the field of law? How do they differ in other professions?
I'm not looking for legal advice, but I am interested in how the concept of a retainer fee works. I'm particularly interested in variations on this theme from other professions. It doesn't necessarily need to be called a retainer but something in between a full-time salary and a discrete project-based payment.
What other professions use retainers successfully? At the corporate level (not the individual freelancer level). What are the advantages/disadvantages?