Created
January 18, 2015 22:41
-
-
Save rickcolosimo/e06707a303e45a3564f2 to your computer and use it in GitHub Desktop.
Insert for startup fee deferral
This file contains hidden or bidirectional Unicode text that may be interpreted or compiled differently than what appears below. To review, open the file in an editor that reveals hidden Unicode characters.
Learn more about bidirectional Unicode characters
| The Firm's fees are based on the time expended by the attorneys at the hourly rates in effect when the time is expended. In connection with your matter, other than with respect to the retainer payment below, legal fees of up to $_________ will be deferred until the earlier of (1) six (6) months after the date of this engagement letter and (2) the company has raised cumulative debt or equity financing of ________________. In addition to fees for legal services, you will be responsible for costs which are incurred in connection with your representation, including, for example, third-party copying charges, overnight mail delivery, and all such costs and expenses will be reasonable and necessary. These costs will be due from you as incurred. No premiums are added to any third-party vendor costs. It is the policy of this Firm not to advance or defer any third-party expenses in excess of $200.00 and, accordingly, if any expenses in excess of $200.00 are anticipated to be expended, we will notify you of these and will ask that they be paid directly by you to the third party provider. In connection with your matter, we request a retainer of $______________, which we will use to pay out-of-pocket costs and fees until the retainer is exhausted, at which point further fees will be deferred as set forth above. Once the retainer has been depleted you will be invoiced for any additional out-of-pocket costs and fees and will be required to remit payment. Kindly make the check payable to __________________ LLP. Kindly provide your tax identification number (the Company’s EIN number) in order that the retainer can be deposited in our Attorney Trust Account. | |
| In the event our services are terminated by you for any reason, or terminated by us due to your failure to abide by the terms of this retainer agreement, all accrued legal fees will be immediately due and payable. |
Sign up for free
to join this conversation on GitHub.
Already have an account?
Sign in to comment