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Frequently asked questions.
"Employment on retainership basis" means obtaining services from a professional by paying a retainership fees. They are different from regular employees as they are not on the payroll of the company. They are given a fixed monthly fees.
For those who are confused, retainers are not regular employees of a company. Retainers can be classified as independent contractors who are highly skilled professionals and freelancers and are paid in an agreed rate whether it is in hourly, daily, weekly or monthly basis.
By “retaining” a lawyer, you are establishing an attorney-client relationship with that lawyer. There are several methods for retaining a lawyer, but typically it will require an up-front payment or fee. That fee is commonly referred to as a “retainer,” and is given to the lawyer in return for legal representation.
A retainer is a fee that you pay to someone in order to make sure that they will be available to do work for you if you need them to.