Contingency In Law In Allegheny

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document that establishes the terms under which a client retains an attorney to pursue a claim, often in personal injury or wrongful termination cases. Key features include the percentage of the net recovery that the attorney will earn, structured based on whether the matter is settled before trial, resolved in court, or after an appeal. Clients are also responsible for reasonable costs incurred by the attorney, which may include expert witness fees and travel expenses. A unique aspect of this agreement is the retention of attorneys' fees even if the client discharges the attorney before settlement. This form grants the attorney power of attorney to execute all necessary legal documents related to the claim. It is essential for attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies the financial arrangements and responsibilities of both parties, ensuring clear communication and expectations. The form serves as a practical tool for legal professionals in managing client agreements and facilitating the prosecution of claims under contingency provisions.