Contingency Fee Agreement Sample Format In Cook

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

Description

The Contingency Fee Agreement sample format in Cook is designed to outline the terms under which an attorney or law firm represents a client on a contingency basis. This agreement specifies the client's engagement with the attorneys, detailing the nature of the claim and attorney fees, which are a percentage of any recovery—varying depending on whether a settlement occurs before or after trial. Additionally, it discusses costs incurred in the representation and establishes attorneys' liens on any recovery amounts. The form includes provisions for employing experts and associate counsel at the attorneys' discretion and stipulates conditions under which attorneys may withdraw or be discharged. Importantly, the agreement emphasizes the lack of guaranteed outcomes while granting attorneys power of attorney for executing relevant documents. This agreement serves a vital role for attorneys, partners, owners, associates, paralegals, and legal assistants by providing a structured and clear framework for client representation, ensuring both parties understand their rights and obligations in potential litigation.