Fees & Retainer Clause
If you are a service provider and have a contract but need to add in a Fees and Retainer Clause, this is for you! This clause is a hefty one and has two options for whether you take a smaller retainer/reservation fee and then take installment payments over the course of your services, OR if you take a retainer/reservation fee and then one final payment within 'x' days of the date of service. Both options include the ability to have a FLAT FEE retainer or a percentage-based retainer.
This clause also includes language regarding the non-refundability of the retainer, late payments, and no downgrades on the package agreed to but upgrades are available, keeping the retainer as liquidated damages in the event of breach, updates to your pricing, and additional hours charged beyond the scope of the Agreement. This clause can be used by graphic designers, planners, online coaches, photographers, videographers, florists, DJs, and any other service industry professional.
**Note, this is an all-inclusive fee clause with multiple paragraphs. You do not need to purchase any additional late fee clauses or changes to pricing clauses in addition to this one (with the exception of florists or caterers who may want to add in a right to adjust pricing clause to their contract due to fluctuations in wholesale prices of goods).
Every template is prepared by The Legal Paige,LLC, attorney drafted and reviewed, and created specifically for your industry.
Every template is created with easy-to-use fill-in-the-blanks for your unique business.We make it simple to identify what information you need to input with highlighted, editable sections.
Once you’ve finished, you can quickly copy/paste into your client management software, Google Docs, or Microsoft Word to send to clients in a snap.
All language is 100% legal mumbo jumbo-free(aka no complicated legal terms).
Plus, you'll getfree accessto future template updates from The Legal Paige.
DISCLAIMER: By purchasing a template contract and/or document from The Legal Paige, LLC, you are not given access to Paige and no attorney-client relationship is created.
All template documents are drafted using general U.S. contract principles and are not state-specific. Our products are easy-to-use and have highlighted, editable sections with commentary on what to amend according to your business practices and local state laws. You may modify the document on your own or find an attorney in your state to help you.
Some template documents are available in Canada, have been reviewed by a Canadian lawyer, and are drafted using general Canadian common law contract principles (not for use in Quebec due to civil law jurisdiction). Thus, if you purchase a Canadian template all language in the document will be applicable to your business operating in Canada. If you need assistance modifying the document, please find lawyer in your territory/province to help you.