Definition : Client retainer

A client retainer is a contractual agreement between a business or individual and their client, where the client pays a set fee in advance for ongoing services or access to a specific service provider. This fee serves as a guarantee of future services and establishes a long-term relationship between the client and the service provider. The retainer fee is typically based on the estimated amount of work or time required for the services, and can be used to cover expenses, such as materials or travel costs. The purpose of a client retainer is to ensure a steady and reliable source of income for the service provider, while providing the client with priority access to their services and expertise. It also allows for a more efficient and streamlined process, as the service provider can focus on delivering high-quality work without the need for constant negotiations or invoicing. Overall, a client retainer is a beneficial arrangement for both parties, providing stability and convenience in a professional relationship.

Discover the Precise Definitions of Marketing Terms

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt