If you are in need of a Trademark Attorney near Charleston SC, you can recover the balance of the advance payment that the lawyer didn't earn. If it really was an advance against an hourly rate. If the total cost of the services provided ends up being lower than the retention fee paid in advance, you have the right to have the excess amount reimbursed. It is advisable to periodically review billing statements to ensure that they accurately reflect the work performed. If you or your lawyer end the relationship before the down payment runs out, and if the agreement and applicable laws allow it, the remaining part of the down payment may be refundable.
The first person to book for that date will basically pay you a reservation fee to book your services and book your stay for that day. The accrued retention fees are the part of the advance to which the lawyer is entitled once he starts working. For example, wedding planners should always use payment plans, which may include a non-refundable down payment that covers the initial reservation fee and, later, additional payments for services provided up to the date of the wedding. For this reason, these fees are often separated from the hourly wages of the consultant, freelancer or lawyer.
When hiring legal services, the financial agreement between you and your lawyer is usually structured around a retention agreement. The most common form of withholding payment applies to attorneys who, in most cases, require potential clients to pay a withholding fee upfront. As the lawyer works on your case, he will bill your time against the withholding fee based on an agreed hourly rate. If the client's case is resolved before the five-hour limit is reached, the attorney reimburses the remaining portion of the advance payment to the client.
A withholding fee is an upfront payment that clients make to their attorneys and is held in a trust account. If you're not sure if your down payment is used up, you can ask your lawyer for an itemized bill that lists all the work you've done. Accrued retention fees may be awarded to the lawyer little by little, depending on the number of hours worked. This term is primarily used in legal services, where a client pays a down payment to an attorney to represent them.
