Contingency Fee In Real Estate In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement with an Attorney or Law Firm is designed for clients in Dallas seeking legal representation under a contingency fee arrangement. This agreement outlines the terms for paying attorney fees, which are contingent upon the recovery achieved in a client's claim, specifically for wrongful termination. The fees are expressed as a percentage of the net recovery, which varies based on whether the case settles outside of court, goes to trial, or involves an appeal. Key features include provisions for the advance of costs and expenses that the client must reimburse, as well as a lien held by the attorneys on any recovery to secure their fees. This form also allows attorneys to employ experts and associate counsel at the client's expense. It includes clauses governing the retention of fees in case of client discharge, attorney withdrawal, and the power of attorneys to execute documents on behalf of the client. This agreement is vital for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly delineates the financial responsibilities and rights of both parties within the context of real estate claims in Dallas, enabling informed decision-making and maintaining transparency throughout the legal process.
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FAQ
If they accept, the house is listed as “contingent” until all the conditions are met. This contingent status means the home is technically off the market but still has a chance the sale might not go through. A contingent house can still entertain other offers, and buyers can make backup offers.
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.
