What is a retainer agreement?
Are you someone who primarily performs contract work rather than hourly? If so, chances are you have signed a retainer agreement. A retainer agreement is a contract, most common amongst attorneys, signed between the working professional and their client. Most make it to establish a specific amount of work done by the professional, also known as a contractor, on a particular future date for a specific length of time. Nowadays, many freelance professionals also work with retainer agreements. That’s why Cal Interpreting and Translation is here to provide comprehensive retainer agreement translations.
How do retainer agreements work?
When using a retainer, the contractor receives payment in advance. In other cases, upon completion of work, the retainer fee is applied and the contractor receives a flat fee or an amount for hours worked. For example, a client may retain you for a certain amount of billable hours for a period of 1 month. You are only due to those fees when you do the work, but if you fail to do as much as the allowance made by the retainer, then the rest are marked as unearned.
What are the benefits of a retainer agreement?
One of the main benefits of a retainer agreement is that they can earn more than the set amount. This is also why retainer agreements are popular amongst freelancers. It also shows that the client is serious about the endeavor. It is also a good way for someone to reserve your work, especially if your services are in high demand.
Why would it be necessary to translate a retainer agreement?
Under California Civil Code 1632, a contract negotiated in a foreign language must be written in that language. This means that if you are engaging in talks with a contractor who speaks, for example, Spanish, then the retainer agreement must be written in Spanish. Most of the time, this will create the need for your retainer agreement to be translated into Spanish.
Was your retainer agreement originally negotiated in another language?
CIT offers retainer agreement translations at the most affordable rates. We understand the sensitivity of a contract, especially one that involves your income. CIT will translate your retainer agreement without any hiccups and have you the final product to you in no time..