Contingency Attorney Fees

• 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 employs attorneys to represent them in a claim, particularly for wrongful termination cases. It specifies the contingent attorney fees based on the success of the claim, including the percentages applicable for settlement without trial, for trial resolution, and for appeals. This agreement also clarifies that clients will be responsible for costs and other expenses incurred during representation, which may include fees for expert witnesses. Attorneys are granted a lien on any settlement or judgment recovered to ensure their fees and costs are covered. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured and clear format for establishing a fee arrangement that protects both the attorney's interests and the client's understanding of financial obligations. The form emphasizes that attorneys cannot guarantee a favorable outcome and maintains the importance of clear communication regarding advances and possible reimbursement of costs. Additionally, the power of attorney clause allows attorneys to execute necessary documents on behalf of the client, streamlining legal proceedings.