"Retainership"/ "Retainer Fees"

Subodh K Tewari (Querist) 19 April 2008 This query is : Resolved
Dear experts, please define and explain the meaning, sense and ingrediants of "Retainer Fees"/"Retainsership" payable to an consultant/advocate. Or please suggest a link/ law.

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Manish Singh (Expert) 21 April 2008
Retainership fees means the professional fees paid to any advocate/ C.A. etc. to retain them to work for them professionaly. It is not regarded as being a salary or something.

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