Document background
The Hourly Retainer Agreement is designed for professional service providers in Canada who offer ongoing services to clients on an hourly rate basis. This document is particularly useful when regular, recurring services are anticipated but the exact scope or volume may vary month to month. The agreement includes essential provisions required under Canadian law, including detailed fee structures, service scope definitions, and professional obligations. It typically involves an advance retainer payment that serves as a deposit against which hourly services are billed. The document addresses key aspects such as rate structures, billing increments, replenishment of retainer amounts, and reporting requirements. It's commonly used by professional service providers such as consultants, lawyers, accountants, and other advisors who need to establish clear terms for ongoing professional relationships while protecting both parties' interests under Canadian federal and provincial regulations.
