Contingency By Law Definition In Broward

• Category: Attorneys - Fee Agreements
• State: Multi-State
• County: Broward
• 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 an attorney to pursue a claim, particularly for wrongful termination. The defining feature of this agreement in Broward is the contingency fee structure, where attorney fees are a percentage of the net recovery from the claim, incentivizing attorneys to maximize the client's outcome. Key sections detail the payment arrangements for both attorney fees and costs associated with the case, including arrangements for expert witnesses and associate counsel. Clients must understand that they are responsible for costs incurred, regardless of the case outcome. Furthermore, the agreement includes clauses allowing attorneys to maintain a lien on any recovered funds and outlines the process for withdrawal and client discharge. This form is particularly useful for attorneys, partners, and paralegals as it clarifies fee structures, rights, and responsibilities of each party, ensuring clear communication and understanding between clients and legal representatives. It also serves to educate clients about potential costs and the implications of settling without attorney consent.