Category: General

  • What is Availability Retainer?

    What is Availability Retainer?

    Availability retainer is not an advance payment.

    Typically, attorneys ask for a retainer, so they won’t end up with nothing in their pocket. It goes like this. You hire an attorney to represent in a civil action. You pay $1,000 as a part of the retainer agreement between you and your attorney. The attorney will do works for your case such as attending a court hearing. He might charge you $250 for the hearing, and you will have a balance of $750.

    Availability retainer is different. When you pay $200 to your attorney as an availability retainer, your attorney is promising that a sufficient time for your case will be available in the future. It’s like an earnest money in a real property transaction, but the difference is that the money doesn’t become a part of your payment at the end.

    This retainer is based on the idea that “time is money”. Even if a lawyer does not render a legal service, a client should pay for the time. The reason IPfever adopted this idea is to fairly treat honest lawyers. When you walk in to a law office and spend time there, the law office (which is for profit after all) becomes very reluctant to let you go whether or not you really need a legal service. When you pay for their time, things get much easier.

  • Youngsik Jeon, JD

    Youngsik Jeon, JD

    Mr. Jeon earned his B.E. from Yonsei University in Seoul, South Korea, and his J.D. from Chicago-Kent College of Law in 2012, focused on Intellectual Property Law. Admitted to the Illinois Bar in 2012, he began his legal career in business and trademark law. In 2016, he qualified as a registered patent attorney, and since joining the Georgia Bar in 2020, he has successfully operated a solo practice in the Atlanta area. Mr. Jeon’s experience includes negotiations with global corporations such as Apple and LG Display, and providing strategic counsel to startups, university research laboratories, and numerous small businesses throughout metropolitan Atlanta.

    If you want to talk to Young, visit our consultation page.