Contingency In Law Define In Cook
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Contingency contracting is a widely popular approach in psychology that seeks to modify or change behavior through a reward-based system. The term contingency means that the reward or punishment is dependent on the individual`s behavior.
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.
The introduction of the Civil Contingencies Act 2004 placed certain additional responsibilities on Local Authorities to prepare and respond to emergencies and work closely with the emergency services and voluntary organisations in doing so.
A. : an event (such as an emergency) that may but is not certain to occur. trying to provide for every contingency. b. : something liable to happen as an adjunct to or result of something else.
For instance, a business might develop a contingency plan to maintain operations during an IT system failure by having data backups and alternative communication methods in place. Another example is creating an emergency response plan for unexpected events like power outages or staffing shortages.
: 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.
The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.
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.
Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.
