Attorney For Contingency Basis In Fairfax

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm serves as a formal contract between a client and their attorney in Fairfax, allowing the attorney to represent the client on a contingency fee basis. This means the attorney's payment is contingent upon the successful outcome of the case, where their fees are a percentage of the client's net recovery. The agreement outlines critical elements such as the fee structure for out-of-court settlements, trial outcomes, and appeal processes. It also details the responsibilities regarding costs and other expenses incurred during the legal process, establishing that clients will reimburse these expenses as they arise. Furthermore, it grants the attorney a lien on any settlement, ensuring they are compensated for their services. The agreement also stipulates provisions for employing experts and associate counsel and provides clients recourse if they settle without attorney involvement. Importantly, it clarifies that attorneys do not guarantee favorable outcomes, emphasizing the nature of legal representation. Legal professionals, including attorneys, partners, and paralegals, will find this form useful for establishing clear expectations and responsibilities when entering contingency agreements, ensuring transparency and protecting both parties' interests.