👉 Retainership is a type of contract that allows a party to remain in a relationship or employment for a specific period of time, often as part of an agreement between two parties. In this context, "retainership" refers to a specific length of time during which a party retains the rights and responsibilities of a contractual relationship with another party, typically based on a fixed term or a predetermined number of months. The purpose of retainingership is to provide both sides with a sense of security and
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What is the definition of Retainers? 🙋
👉 Retainers are a type of contract that allows one party to keep some or all of their obligations, rights, and liabilities for a certain period. They are typically used in employment contracts, sales agreements, and other types of business transactions where there is a long-term relationship between two parties. Retainers can be either voluntary or mandatory, and they may have different terms and conditions depending on the nature of the contract.
