Forums: Discussions for entrepreneurs and small business.

Dear all,

I wanted to know if any of you have any experience with Retainer Fee agreements between 2 companies. 

I am aware this model is usually used in law firms but I am specifically interested in this model in the IT and Graphic Design worlds.

I would like to know any information about :

- The Retainer Fee Model

- Its variations

- How to calculate the fees, if it is by hours or project or monthly

- How do companies work out any agreement to avoid conflict of interest (because usually the 2 companies are working in the same field and can be competitors)

- How to protect development, creativity and art work copyrights

- How to manage this business relationship (who is responsible for requirment gathering, proposals, client relationship, etc.)

I am fairly new to this model and I am very open for any insight I can get from you guys to help me understand it better.

Thank you very much!

Best regards,

Riham. 

Riham,

I may be able to help you some what. I own a search firm and part of my business is in retainer fees. Email me directly and I will send you some information that may be helpfull. Best Wishes!

Ken~

Or if you can wait until later this afternoon, when I have some extra time I will post some information here so that everyone who visits can utilize it. Either way I`ll probably post it here as well.

Ken~

please post it here as well. (as you said)     :)

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Vincent Wilcox (a.k.a. KRAKR)
Drummer
My band: Letters Make Words

Hi Ken,

Thank you so much for your reply.  I think the best thing will be posting everything here on the forum for everyone to share and contribute and I will email you directly if I have specific questions.

Thanks for your time and I will be waiting for your reply.

Best regards,

Riham.