Determining how to charge for non-refundable retainers is one of the biggest hurdles for service providers. Should you charge a flat fee or percentage? And, should it be a certain amount or a certain percentage? When the pandemic hit, the...
Do you know the difference between the terms “Deposits” and “Retainers”? Did you know one is usually refundable and one usually isn't? Let’s discuss the differences between “Deposits”, “Retainers”, and/or “Reservation Fees/Booking Fees”, whether using a certain term allows for...
A common question TLP gets asked almost daily is whether you should use the term “retainer” or “deposit”. And some people believe you can use these terms interchangeably in your contracts. It makes sense; both are fees paid in advance...
As an industry standard, wedding & event photographers generally take a 50% retainer on the total value of the booking as non-refundable reservation retainer. However, when Covid-19 hit across the industry we started seeing a client pushback and legal battles...
Founder and attorney at The Legal Paige, Paige is a certified Juris Doctor who helps entreprenuers become legally compliant online. Law aside, she's really just a small town Montana momma who loves her family, the lake, and a good glass of red wine.
