Contingency Fee Agreement Sample With Client In Illinois

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

Description

The Contingency Fee Agreement Sample with Client in Illinois is a formal document designed for the retention of legal services for claims such as wrongful termination. The agreement outlines the responsibilities of both the client and the attorney, specifying that attorneys are hired to manage the legal claim and negotiate settlements. Key features include the percentage of net recovery that attorneys will receive as fees based on the outcome of the case (settlement, trial, or appeal) and how costs and expenses will be handled. It states that clients may be responsible for any advances made by the attorneys for costs related to the claim. This agreement empowers attorneys with a lien on any recovery amount, ensuring their fees are paid first from any judgments or settlements. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for client-attorney relationships and financial arrangements. Furthermore, it allows for the employment of expert witnesses and associate counsel, while specifying the conditions under which attorneys may withdraw or be discharged from the case. Overall, this document is critical for ensuring that both parties understand their rights, obligations, and the financial implications involved in legal representation.