What is retainer basis?
What is retainer basis?
“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. They are also not covered under the PF Act.
What is a Retainership meaning?
noun. The state, position, or condition of being a retainer; the system of maintaining retainers, or the values of service, loyalty, etc., underlying this.
How do you use the word retainer?
Retainer in a Sentence 🔉
- The musician used a retainer to hold his guitar string in place.
- At my next appointment, my dentist will install a retainer to make sure my teeth don’t shift.
- All of the attorneys at the firm require a 5,000-dollar retainer to hold your spot as a client. 🔉
What is a retainer team?
These teams are dedicated to working on your projects as an extension of your current staff and can assimilate quickly. IT retainer teams execute immediate ROI for a significantly lower investment compared to an in-house team.
How do I write a retainer agreement?
How to Write a Retainer Agreement
- Step 1 – Acquire Your Copy Of The Retainer Template From This Page.
- Step 2 – Introduce This Retainer, The Service Provider, And The Client.
- Step 3 – Define When Service Must Begin And When It Must Terminate.
- Step 4 – Document The Pay Rate Or Manner Of Compensation.
What is retainer agreement in Canada?
A retainer agreement is a contract between you and your lawyer that sets out your relationship. It is a written agreement that includes terms such as: the scope of your lawyer’s authority to act on your behalf. Usually your lawyer has full authority to act for you.
Is retainer an American word?
retainer in American English someone of rank; servant, attendant, adherent, etc.
What is a retainer in England?
Domestic worker or servant, especially one who has been with one family for a long time (chiefly British English) Affinity (medieval), also Retinue, a person or group gathered around in the service of a lord.
Is retainers plural or singular?
The plural form of retainer; more than one (kind of) retainer.
What is a retainer object?
The definition of a retainer is an object that guides or restricts movement. An example of a retainer is an object worn in the mouth to prevent teeth from moving. noun.
What is retainer sale?
Salespeople are paid a commission (a percentage of sales) or a retainer (a fixed weekly income). The more sales that a salesperson makes, the greater is their income.
What should be included in a retainer agreement?
As such, a retainer agreement is a formal document outlining the relationship between an attorney and client. It details the different obligations and expectations involved, which can include ethical work principles, retainer fees, modes of communication, and professional ground rules.
