Retainer

A retainer, in the context of an advertising agency or PR agency, is a contractual agreement between a client and a marketing service provider. This agreement ensures that the client has access to ongoing services or dedicated availability for a specified period. It involves prepayment or a fixed recurring fee, which provides the client with priority access to resources and a specified level of service.

Retainer agreements are beneficial for both the client and the agency. For the client, it means they have ongoing support and dedicated services from the agency. This allows them to rely on the agency's expertise and experience consistently, ensuring that their advertising or PR needs are met effectively. Additionally, retainer agreements often include a set number of hours or services per month, which provides the client with a clear understanding of the agency's commitment and the scope of work they can expect.

For the agency, a retainer agreement provides stability and a predictable income stream. It allows them to allocate resources and plan their workload efficiently, knowing that they have a guaranteed client base. This enables the agency to offer consistent and reliable support to their clients, as they can prioritize their retainer clients and ensure their needs are met promptly.

In summary, a retainer agreement in the advertising or PR industry is a contractual arrangement that provides clients with ongoing support, dedicated services, and a specified level of service. It offers stability and predictability for both the client and the agency, ensuring a mutually beneficial relationship.