Define the Following Terms

question 36

Short Answer

Define the following terms
-history effects

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Definitions:

Ongoing Relationship

A continuous interaction or association between entities that involves mutual dealings over a period of time.

Retainer

An advance payment or fee paid to a professional, such as a lawyer, by a client for future services.

Disbursements

Out-of-pocket costs incurred by the lawyer on the client’s behalf.

Financial Loss

The decrease in monetary value or resources, often due to business operations, market conditions, or legal actions.