Retainer Replenishment Clause Samples
A Retainer Replenishment clause requires the client to maintain a minimum balance in a retainer account by periodically replenishing funds as they are used. Typically, when the retainer balance falls below a specified threshold due to ongoing work or expenses, the client must promptly add funds to restore the agreed-upon minimum. This ensures that the service provider always has access to sufficient funds to cover anticipated work, reducing the risk of nonpayment and allowing uninterrupted service delivery.
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Retainer Replenishment. Once the retainer funds are exhausted and there is an outstanding invoice balance, Client agrees to bring the balance current and replenish the retainer if further services are needed. Any request for retainer replenishment will be made in writing to the Client from fpamed, and it will include an estimate of additional time and costs for services. Client recognizes that such estimate is only an approximation and should not be relied upon as a firm bid or stipulated cost limitation.
4.3.1. Client acknowledges that once retainer funds are exhausted, fpamed Expert(s) may immediately cease all work and services on the matter for which they have been retained, and in such case, will not resume services until the balance is current and the retainer has been replenished.