Contingency Fee For In Chicago

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document that outlines the terms of employment between a client and their attorney regarding fees linked to a lawsuit, specifically in cases of wrongful termination. This agreement allows attorneys to represent clients while varying their fees based on the outcome of the case: a percentage of the net recovery if settled out of court, resolved at trial, or after an appeal. It includes provisions for costs, allowing attorneys to charge clients for necessary expenses that may arise, such as deposition costs and expert witness fees. Attorneys also reserve the right to retain a lien on any recovery amount for their fees and expenses. The document stipulates that if the client settles independently without attorney consent, they must pay the agreed fees. Importantly, attorneys cannot guarantee a favorable outcome but will act in the client's best interest. This form is highly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for managing fees, costs, and responsibilities, ensuring all parties understand their rights and obligations throughout the legal process.