Retainer
Out of context: Reply #15
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- gramme0
@JD
Currently, I simply track my hours for design + production, then invoice projects when finished. We don't have any agreement in writing thus far. The only exception so far has been a campaign I did that took several months—for which I wrote a contract and collected a retainer up front. So up until now, there hasn't been a monthly retainer. The situation we'll be discussing will be for a yearly retainer. This means I won't need to send invoices, and I'll get regular bi-monthly checks from them. The amount we're discussing is based on what they've paid me thus far + new responsibilities I'll take on. I think the contract will basically say that I'll be performing X services for them, and they won't hire any other outside designers. I don't know what an "agency of record" contract looks like, but I think it's effectively the same thing.