Contingency Agreement Sample With Cost In Collin

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document outlining the terms of employment between a client and their attorney regarding a wrongful termination claim. This agreement specifies that the attorney will be compensated as a percentage of the net recovery from the claim—differentiating fees based on whether the case is settled out of court, resolved in trial, or subject to appeal. It also details the client's responsibility for costs and expenses related to the case, such as travel and expert witness fees, which are to be paid on a specified basis. The agreement establishes that attorneys may retain a lien on any settlement or judgment recovered, and they can employ associate counsel or expert witnesses at their discretion. Furthermore, it addresses scenarios regarding the withdrawal of attorneys from the case and the consequences of settling without their consent. This agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear structure for client representation, ensuring transparency in fee division and the handling of expenses, while safeguarding both parties' interests. Overall, it functions as a comprehensive guide for users to navigate legal claims with clarity.