Deep Dives22 min read
What Is an 'Evergreen' Clause in a Retainer Agreement?
In an advance-fee retainer, evergreen funding means restoring the client's remaining advance when it reaches an agreed trigger. Define both the trigger balance and the amount to restore it to. A $1,000 trigger and a $3,000 target do different jobs: one starts the request; the other determines its amount.
evergreen clauseauto-renewalretainer agreement+2 more
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