Only the true down payment is non-refundable. Funds not accrued from a guarantee or an advance payment must be refunded at the end of the work. If the total cost of the services provided ends up being less than the retention fee paid in advance, you have the right to have the remaining amount reimbursed. It is advisable to periodically review billing statements to ensure that they accurately reflect the work performed by a Trademark Attorney near Philadelphia PA.In a definitive sense, an advance payment is a fee that is paid in advance to maintain services (e.g., while a deposit can also reserve a date, it is returned when the services have been completed).
By default, the down payment is not refundable and is not returned. Instead, it applies to the total. In the example above, the advance payment is considered unearned until the court case is closed and finalized. These unearned fees do not belong to the person who performs the tasks in this case, to the lawyer, until he starts working.
Any unearned withholding fee that is not used can be returned to the customer. If the client's case is resolved before the five-hour limit is reached, the attorney reimburses the client for the remaining portion of the advance payment. As the lawyer works on your case, he will bill your time against the withholding fee at an agreed hourly rate. For example, wedding planners should always use payment plans, which may include a non-refundable down payment to cover the initial reservation fee and then additional payments for services provided up to the wedding date.
The accrued retention fees are the part of the advance that the lawyer is entitled to once they start working. When hiring legal services, the financial agreement between you and your lawyer is usually structured around to a retention agreement. This term is primarily used in legal services, where a client pays a down payment to an attorney to represent them. 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. 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 Advance payment can be refundable. Accrued retention fees may be awarded to the lawyer little by little, depending on the number of hours worked. The most common form of withholding payment applies to attorneys who, in most cases, require potential clients to pay a withholding fee upfront.
