Contingency By Law Definition In Cook

State:
Multi-State
County:
Cook
Control #:
US-00442BG
Format:
Word; 
Rich Text
Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document that outlines the terms under which a client engages attorneys to pursue a wrongful termination claim. This agreement details the fee structure, specifying percentages that the attorneys will receive based on the recovery amount depending on whether the case is settled out of court, resolved through trial, or after an appeal. It addresses costs and expenses that clients are expected to reimburse, reinforcing the attorneys' right to a lien on any recovery. Furthermore, the agreement allows attorneys to employ experts and associate counsel as needed, with corresponding fees also to be paid by the client. Clients who settle their claims without attorney consent must still adhere to the fee terms outlined in this agreement. The document emphasizes that attorneys make no guarantees regarding the outcome of legal action. This form is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for financial arrangements and responsibilities between clients and legal representatives, facilitating transparent and effective legal representation.
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FAQ

Contingencies. This means stating, in the plan, what you would do to deal with a problem if something were to go wrong. Sequencing or dovetailing. This means you fit together the different steps and activities in logical order when planning to cook more than one dish. Health, safety and hygiene.

A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid.

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

What Is a Contingency? A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.

Adjective. dependent for existence, occurrence, character, etc., on something not yet certain; conditional (often followed by on or upon ): Our plans are contingent on the weather. liable to happen or not; uncertain; possible: They had to plan for contingent expenses.

The Most Common Cases that Do Not Operate on Contingency Fees Criminal defense cases. Divorce attorneys. Family law attorneys. Domestic relations cases. Business-related cases. Contracts and closings.

: dependent on or conditioned by something else. Payment is contingent on fulfillment of certain conditions. a plan contingent on the weather. 2. : likely but not certain to happen : possible.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.

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Contingency By Law Definition In Cook