Contingency By Law Definition In California

• Category: Attorneys - Fee Agreements
• State: Multi-State
• 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 attorneys to represent them in a legal claim, specifically concerning wrongful termination in California. This agreement defines the contingency fee structure, where attorneys receive a percentage of the net recovery based on the outcome of the case, whether settled out of court or resolved through trial. Clients are advised on their responsibilities regarding costs and expenses that may arise during the representation, including fees for expert witnesses and travel expenses, which must be reimbursed regardless of the settlement outcome. The agreement establishes the attorneys' lien on any recovery amount, ensuring they are compensated for their services. It also addresses the employment of experts, associate counsel, and the powers granted to attorneys when executing necessary documents. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly delineates the responsibilities and expectations of both the client and the attorney, thus fostering a transparent legal representation process.