Final answer:
The statement is false; lawyers are not restricted to only hourly or flat-fee retainers when charging artist clients. They can also use other billing methods such as contingency fees, depending on the case and agreement between lawyer and client.
Step-by-step explanation:
The statement that lawyers are required to charge artist clients only an hourly fee or a flat-fee retainer is false. Lawyers have various methods of charging clients, which can include hourly rates, flat fees, contingency fees, and sometimes a combination thereof.
The method of billing may depend on the type of legal work being done, the lawyer's pricing structure, and the client's preferences. In matters involving intellectual property, a lawyer might charge a flat fee for services like filing a trademark, whereas for lengthy litigation, they might charge an hourly rate.
It's vital for a lawyer and their client to agree upon payment methods and terms before beginning work, which is typically documented in a written agreement. This ensures clarity and understanding of the financial obligations on both sides.
In addition, some lawyers might work on a contingency basis, especially in cases that involve suing for damages wherein they receive a percentage of the awarded amount. However, this is less common in transactions such as those involving artists and intellectual property rights.