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Contingency Fee Agreement with an Attorney or Law Firm

Contingency By Law Definition In Alameda

Q: What is the simple definition of 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 qualifies as a contingency?

(a) &quot;Contingency,&quot; as used in this subpart, means a possible future event or condition arising from presently known or unknown causes, the outcome of which is indeterminable at the present time.

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Alameda

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm establishes the terms under which a client engages attorneys to represent them in a wrongful termination claim. This agreement defines the attorneys' fees as a percentage of the net recovery, depending on whether the claim is settled out of court, through trial, or after an appeal. It also outlines how reasonable costs necessary for the legal process will be billed to the client. Attorneys are granted a lien on any recovery as payment for their services, ensuring they are compensated before the client receives their portion. Key provisions allow attorneys to employ expert witnesses and associate counsel as needed, with costs covered by the client. Clients who settle their claims without attorney consent are still responsible for fees outlined in the agreement. The contract clarifies that no success guarantees are provided by the attorneys, managing client expectations about the outcome of their case. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants providing clarity on fee structures and responsibilities, and it serves as a critical document in pursuing legal claims while ensuring compliance with state law.

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FAQ

What does contingent mean in real estate? Contingent means the seller has accepted an offer, but certain conditions need to be met before the sale closes. This means there's still a chance that the sale could fall through and the house goes back on the market, should those conditions go unmet.

A contingency plan, which consists of an emergency response plan, a backup operations plan, and a post-disaster recovery plan, must be prepared for all general support system. A contingency plan consisting of a backup operations plan and a post-disaster recovery plan, must be prepared for all major applications.

There can be a contingent contract wherein a party promises to do or not do something if a future uncertain event happens within a fixed time. Such a contract is void if the event does not happen and the time lapses.

A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid. If the party that's required to satisfy the contingency clause is unable to do so, the other party is released from its obligations.

A contingency clause should clearly outline the conditions, how the conditions are to be fulfilled, and which party is responsible for fulfilling them. The clause should also provide a timeframe for what happens if the condition is not met.

For our purposes, we will discuss contingency planning in the construct of four major components: emergency response, crisis management, business recovery, and business resumption.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.

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.

(a) "Contingency," as used in this subpart, means a possible future event or condition arising from presently known or unknown causes, the outcome of which is indeterminable at the present time.

Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.