Lawyer On Contingency Fee 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 designed to formalize the relationship between a client and their attorney regarding a wrongful termination claim. This agreement outlines that the attorney will receive a percentage of the net recovery from the claim, depending on whether the matter is settled out of court or resolved through trial. Specific percentages for attorney fees are to be determined and included in the agreement. It also clarifies the responsibilities of the client regarding costs and expenses, which may include deposition costs and expert witness fees, payable on a regular basis. Importantly, attorneys retain a lien on any recovered sums, ensuring their fees are covered from the settlements obtained. The agreement allows for the retention of expert witnesses and associate counsel as deemed necessary by the attorneys. It contains provisions for attorney withdrawal, client settlement, and discharges while safeguarding the attorneys' rights to their fees. By providing clarity on both parties' rights and duties, this form serves as a vital tool for legal professionals in managing contingency cases effectively. The agreement is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in wrongful termination claims, ensuring all financial arrangements and responsibilities are clearly delineated.