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Iowa Ct. R. 45.8
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Rule 45.8 General retainer
Rule Text
45.8(1) Definition. A general retainer is a fee a lawyer charges for agreeing to provide legal services on an as-needed basis during a specified time period. Such a fee is not a payment for the performance of services and is earned by the lawyer when paid.
45.8(2) Deposit. Because a general retainer is earned by the lawyer when paid, the retainer should not be deposited in the trust account.
Amendment history: Court Order April 20, 2005, effective July 1, 2005