What does contingency mean in a contract?

Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions occurring. A contingent contract can also be viewed as protection against a future change of plans.

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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Removal Form With Date In Harris

Q: What do we mean by contingency?

A contingency is an event you can&#039;t be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that&#039;s impossible to predict with certainty.

Q: What does contingent day mean?

Contingent day defined. &quot;Contingent day&quot; means a day specifically designated by the school district to be used as a school day if school cannot be conducted on a regularly scheduled school day.

Q: Can you get out of a contingent contract?

Technically, yes a seller can back out of a contingent offer. Before agreeing, they can choose to reject or counter the original offer with their own terms. Once the offer is accepted, if the contingencies aren&#039;t met, the seller can back out but there may be legal or financial implications involved.

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Harris

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Removal Form with date in Harris serves as a formal agreement between a client and their attorney concerning a claim of wrongful termination. This document outlines key provisions including the nature of employment, attorney fees based on the outcome of the case, and the responsibilities of both parties. By specifying the percentage fees for different outcomes—settlement, trial, or appeal—it provides transparency regarding financial obligations. Furthermore, the form details the potential costs and expenses, emphasizing that clients are responsible for reimbursing attorneys for necessary expenditures incurred during representation. It also highlights the attorneys' lien on any recovered amounts, ensuring that attorneys are compensated for their services before the client receives any funds. This form ensures attorneys have the discretion to hire experts and associate counsel, which can enhance the effectiveness of the case. For the target audience of attorneys, partners, owners, associates, paralegals, and legal assistants, this form is vital for managing client relationships, setting clear expectations, and safeguarding against financial disputes. Additionally, its explicit legal terms empower legal professionals to navigate cases efficiently and uphold client interests.

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FAQ

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

Contingency Date means a date occuring in number business days after the date of mutual execution and delivery of an amendment, by Landlord and Tenant. Seen in 3 SEC filings. Contingency Date means a date which shall not be extended, notwithstanding that it is not a Business Day.

Contingent contracts usually occur when negotiating parties fail to reach an agreement. The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions occurring. A contingent contract can also be viewed as protection against a future change of plans.

The contingency removal date is the date agreed upon by the buyer and seller, specifying when the would-be buyer removes the contingency and commits to purchasing the property.

Contingent day defined. "Contingent day" means a day specifically designated by the school district to be used as a school day if school cannot be conducted on a regularly scheduled school day.

Technically, yes — a seller can back out of a contingent offer. Before agreeing, they can choose to reject or counter the original offer with their own terms. Once the offer is accepted, if the contingencies aren't met, the seller can back out but there may be legal or financial implications involved.

It is a JCQ requirement that all students sitting GCSEs and A Levels in the summer must make themselves available until the exams Contingency Day, a day set aside in case of exceptional circumstances that require an exam to be rescheduled.

Removing Contingencies The buyer has to provide one, or more, signed Contingency Removal forms. Each one removing, or more, of the contract contingencies. Once the buyer has removed all of them in writing, they may no longer receive a refund of their deposit.

The buyer has to provide one, or more, signed Contingency Removal forms. Each one removing, or more, of the contract contingencies. Once the buyer has removed all of them in writing, they may no longer receive a refund of their deposit.