If you are interested in creating a solid legal foundation for your business, then you need to know what a lawyer retainer is. Keep reading to learn more about this and other fundamental legal concepts.
What Is a Lawyer Retainer?
According to Estefan Encarnacion, Managing Partner of EBL Law Group, “A retainer is a monthly or yearly amount of money that you pay a lawyer to have him or her available in case a problem comes up with the business or with the person with whom the lawyer signed a contract.”
“The idea behind a retainer is that lawyers make themselves available to answer any questions, consultations, or calls and to provide a service,” Encarnacion explains.
Retaining a dependable lawyer solves one of the most common problems business owners (and clients in general) come across when seeking legal advice.
“Availability is essential,” Encarnacion says. “Lots of people find that when they need a lawyer, they don’t know where to look for one, so they spend more time trying to find an attorney than dealing with the situation they want to solve.”
“A retainer eliminates this problem so you can focus on finding a solution,” the lawyer explains.
Wrapping It Up
To sum it up, a retainer is “An amount you pay [a lawyer] for a determined amount of services.”
Having an attorney available whenever you need one is important because, as Encarnacion explains, “Each situation is different. Every business and every person is different, even when industries are similar. So the advice I give to a certain person will be completely different from the advice I may give to someone else.”
If you are seeking the assistance of a lawyer, feel free to use the contact information below or this link to contact EBL Law Group. Our knowledgeable attorneys stand ready to offer assistance in any matter related to business law, civil litigation, criminal defense, entertainment law, estate planning, family law, immigration law, real estate law, and unlawful detainer.
DISCLAIMER: The material on this website is for general information only and is not to be construed as legal advice or opinion, and does not constitute or create an attorney-client relationship between you and EBL Law Group.
EBL Law Group: Business Attorneys in Rancho Cucamonga
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