US Legal Forms
Forms Kit
Credit Report Forms
Multi-State
Contingency Fee Agreement with an Attorney or Law Firm

Contingency Agreement Example In Bronx

Q: What is contingent basis?

The term &quot;contingency&quot; refers to the fact that the payment is dependent on the successful completion of the agreed-upon task, such as a court case or a business deal.

Q: What is a contingency agreement?

The contract is characterized as &quot;contingent&quot; 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.

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Bronx

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms of engagement between a client and their attorneys for handling a wrongful termination claim. It clarifies the attorney's fees, which depend on the outcome: a percentage of the net recovery if settled out of court, at trial, or after an appeal. The agreement also details the client's responsibility for any costs and expenses, including expert fees, which will be reimbursed as agreed. Furthermore, it allows attorneys to employ associate counsel as needed without incurring additional costs to the client. Importantly, the attorneys retain a lien on any recovered amounts, ensuring they are compensated for their services. The document emphasizes that attorneys do not guarantee a favorable outcome and provides the client a power of attorney for document execution related to the case. This form is invaluable for attorneys, partners, owners, associates, paralegals, and legal assistants, as it sets clear expectations and outlines responsibilities, making it a crucial part of the legal process for clients seeking representation in the Bronx.

Agreement contingent contract with example

View this form

Contingency fee agreement form for legal services

View this form

Agreement lawyer near me

View this form

Attorney contract with the government

View this form

Form popularity

FAQ

The Most Common Cases that Do Not Operate on Contingency Fees Criminal defense cases. Divorce attorneys. Family law attorneys. Domestic relations cases. Business-related cases. Contracts and closings.

The term "contingency" refers to the fact that the payment is dependent on the successful completion of the agreed-upon task, such as a court case or a business deal.

What Is a Contingency? A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.

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.

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.

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.