Retainer Replenishment

A retainer replenishment clause in a contract ensures that when the initial retainer funds are exhausted and there is an outstanding invoice balance, the client agrees to bring the balance current and replenish the retainer if further services are needed This clause typically requires any request for retainer replenishment to be made in writing to the client, including an estimate of additional time and costs for services The client understands that such an estimate is only an approximation and should not be relied upon as a firm bid or stipulated cost limitation If the retainer funds are exhausted, the service provider may immediately cease all work and services on the matter until the balance is current and the retainer is replenished

For it consultancies and marketing agencies, this clause helps maintain a steady flow of funds for ongoing projects and ensures that services can continue uninterrupted It sets a fixed rate for a set period, ensuring the client has continuous access to the agency's services, which is crucial for maintaining consistency and facilitating long-term planning

• Retainer Agreement: A formal contract between a service provider and a client where the client agrees to pay the service provider a predetermined amount regularly for services to be provided over a specified period
• Creative Agency Retainer Agreement: A specific type of retainer agreement that establishes a long-term relationship between a creative agency and a client, ensuring consistency and security in service provision