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.
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
- 1Require a 3-month minimum commitment — it ensures the relationship has time to deliver results.
- 2Specify the rollover policy explicitly — it's a common source of dispute.
- 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.
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.
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