Contingency Agreement Sample Format In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement with an Attorney or Law Firm is a legal document used in Queens that outlines the terms under which a client retains an attorney to pursue a claim, such as wrongful termination. It clearly specifies the attorney's fees, which are based on a percentage of the net recovery from the claim, with different rates applicable depending on whether the case is settled out of court, resolved through trial, or involves appeals. The form also addresses costs and expenses that the client may incur, the attorneys' lien on awarded sums, and the employment of expert witnesses, ensuring that all parties understand their financial obligations. It allows for attorney withdrawal under specific conditions, and it asserts that attorneys do not guarantee successful outcomes. This agreement is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured way to manage client expectations and financial arrangements. Users should carefully fill in the blanks for personal and claim specifics while ensuring all terms are clear and understood. Editing should focus on maintaining compliance with applicable state laws and ensuring clarity of terms.
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FAQ
The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.
Contingency Contract Examples If you fail to secure the financing within the stipulated period, either party may terminate the contract without any legal consequences. Another simple example is a child who agrees with their parent that they would receive a new bicycle if they receive an A in a specific class.
