Roslyn's company has retained Sheps & Shaps LLP with regard to its purchase of some vacant land. Sheps & Shaps LLP will include its fee and estimated disbursement in the calculation of the closing costs and render its bill when all its responsibilities have been met. In this instance, what defines these terms of the retainer relationship set out above?

Question

Quizplus · Accepted Answer

The terms of the retainer relationship, including the inclusion of fees and disbursements in the closing costs and the billing after all responsibilities have been met, are contractual terms agreed upon by Roslyn's company and Sheps & Shaps LLP.

Roslyn's Company Has Retained Sheps & Shaps LLP with Regard