Contingency Rules In Tarrant

• Category: Attorneys - Fee Agreements
• State: Multi-State
• County: Tarrant
• Control #: US-00442BG
• Format: Word; Rich Text

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms under which a client retains legal services for a wrongful termination claim. The agreement specifies that attorneys will be compensated based on a percentage of the net recovery from the claim, with different rates applying depending on whether the case is settled out of court, resolved through trial, or involves an appeal. It details the responsibilities for covering costs and expenses, including expert witness fees, which the client must reimburse. Additionally, the agreement establishes an attorney's lien on any recoveries relating to the claim and allows for the employment of associate counsel at the attorneys' expense. Key features include provisions about the attorneys' right to receive fees even if discharged prior to judgment and stipulations that any settlement by the client without attorney consent incurs fees owed to the attorneys. The document emphasizes that no favorable outcome is guaranteed and grants the attorneys power of attorney to execute necessary documents on behalf of the client. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly outlines their rights, duties, and financial arrangements, ensuring that all parties understand their obligations throughout the legal process.