Contingency In Law Define In Houston

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the contractual relationship between a client and their attorneys, focusing on the contingency fee model. This agreement allows the client to retain the attorney for legal representation, specifically in cases such as wrongful termination. Key features include the percentage of net recovery that will be paid as legal fees, potential costs that may be advanced by attorneys, and the establishment of an attorney’s lien on any recovery. There are provisions for the employment of expert witnesses and associate counsel as needed. The agreement clarifies conditions under which attorneys can withdraw, and how fees are calculated if a client settles independently. It emphasizes that attorneys do not guarantee successful outcomes, stressing the inherent uncertainties in legal claims. For attorneys, partners, legal assistants, and paralegals, this form serves as a critical tool in establishing clear expectations and responsibilities, ensuring proper documentation of fees and costs associated with legal representation in contingency cases.