DPFS Templates
Freelance

Freelance Retainer Agreement Template

A retainer agreement converts one-off project work into predictable monthly income. It protects both parties: the client gets priority access to your time; you get financial stability. This template covers the essential terms for a monthly retainer engagement.

Freelance Retainer Agreement Template
RETAINER AGREEMENT

Between: {{your_name}} ("Contractor")
And: {{client_name}} ("Client")
Start Date: {{start_date}}

1. SERVICES
Contractor will provide {{service_type}} services on a retainer basis.

Monthly scope includes:
• {{deliverable_1_description}} (up to {{deliverable_1_hours}} hours)
• {{deliverable_2_description}}
• {{deliverable_3_description}}

2. RETAINER FEE
Monthly fee: {{monthly_fee}}
Due: {{payment_due_day}} of each month
Payment method: {{payment_method}}

3. HOURS
This retainer covers up to {{included_hours}} hours per month.
Additional hours billed at {{overage_rate}}/hr with prior approval.
Unused hours: {{rollover_policy}}

4. COMMUNICATION
Primary contact: {{client_contact}}
Response SLA: {{response_sla}}
Check-in: {{checkin_schedule}}

5. TERM & TERMINATION
Initial term: {{initial_term}}
Renewal: Automatic monthly renewal unless cancelled
Cancellation: {{cancellation_notice}} written notice required

Signed:
Contractor: _________________ Date: _______
Client: _____________________ Date: _______

How to use this template

  1. 1Require a 3-month minimum commitment — it ensures the relationship has time to deliver results.
  2. 2Specify the rollover policy explicitly — it's a common source of dispute.
  3. 3Set a clear cancellation window to give yourself enough time to find replacement revenue.

Template variables

Replace each {{variable}} in the template with your actual information.

VariableDescriptionExample
{{your_name}}Your full name or business nameJordan Lee Consulting
{{client_name}}Client's legal nameAcme Corp LLC
{{service_type}}Type of servicescontent strategy and copywriting
{{monthly_fee}}Monthly retainer fee$2,500/month
{{included_hours}}Hours included per month20
{{overage_rate}}Rate for hours above the retainer$150
{{rollover_policy}}Policy on unused hoursUnused hours do not roll over to the following month
{{cancellation_notice}}Required cancellation notice30 days'
{{initial_term}}Initial commitment period3 months

Frequently asked questions

Estimate the monthly hours, add 10–15% for admin and communication overhead, and multiply by your hourly rate. Then consider offering a 10–15% discount versus project rates as an incentive for the monthly commitment.

Related templates

Tools that work great with this template

Sponsored
🌿Recommended

Bonsai

Contracts, invoices & time tracking

All-in-one freelance business management. Send contracts, get paid fast, track time — from one dashboard.

📐Free plan

Notion

Document & track every client project

Keep proposals, contracts, and client notes in one place. Free templates for freelancers included.

* Some links are affiliate links. We may earn a commission at no extra cost to you.