Question: Should Expert Witnesses Work On The Basis Of A Retainer?
Answer: Yes, always. The expert should utilize a retainer agreement that sets forth the amount of the retainer, how it will be applied, the hourly fee and any other terms or costs that will be considered. Most charges should be conforming to all activities. It is often confusing to apply a different hourly rate for preparation time than for testimony. To charge a higher rate for testimony could well limit your attendance time at the arbitration.
Answered by: Fend
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