A joint retainer agreement is a legal document that outlines the terms and conditions of collaboration between two or more parties. This type of agreement is often used in situations where multiple parties require legal representation, such as in the case of business mergers or complex litigation. A sample joint retainer agreement is a template that can be used as a starting point when drafting such an agreement.
When creating a joint retainer agreement, it is important to ensure that all parties involved are clear on their roles and responsibilities. This includes outlining any specific services that will be provided, as well as the fees and payment arrangements. Other important details to consider include confidentiality provisions, conflict of interest rules, and termination clauses.
Here is a sample joint retainer agreement that can be used as a guide when creating your own:
[Insert name of law firm/attorney] has been retained jointly by [insert names of parties] (the “Clients”) in connection with [insert brief description of matter]. The parties hereby agree as follows:
Scope of Services: [Insert description of legal services to be provided]
Fees and Expenses: The fees and expenses for the legal services to be provided shall be billed jointly to the Clients. [Insert details on hourly rates, retainers, and payment schedule]
Confidentiality: The parties acknowledge that they may be providing confidential information to [insert name of law firm/attorney] in connection with the legal services to be provided. The parties agree to keep such information confidential and to not disclose it to any third party without the express written consent of the other parties.
Conflict of Interest: The parties acknowledge that [insert name of law firm/attorney] may represent other clients whose interests may be adverse to those of the Clients. The parties agree to disclose any potential conflicts of interest to [insert name of law firm/attorney] and to allow [insert name of law firm/attorney] to withdraw from representing the Clients in the event of a conflict.
Termination: The Clients may terminate this agreement at any time upon written notice to [insert name of law firm/attorney]. [Insert details on any fees or expenses that may be owed upon termination]
Governing Law: This agreement shall be governed by the laws of [insert applicable jurisdiction].
This sample joint retainer agreement provides a basic framework for creating your own agreement. It is important to work closely with all parties involved and to consult with legal counsel when drafting such a document. By establishing clear expectations and responsibilities, a joint retainer agreement can help to ensure a successful collaboration between multiple parties.