Contingency Agreement Sample With Cost In King

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is designed for clients who wish to retain legal representation on a contingency basis, meaning that attorneys are compensated only if the client wins their case. The document outlines the terms of employment, including the percentage of net recovery that attorneys will receive based on whether the case is settled out of court or resolved through trial or appeal. Additionally, it specifies that clients must cover reasonable costs incurred by attorneys, such as expert witness fees and travel expenses, on a predetermined schedule. The agreement grants attorneys a lien on any settlement or judgment obtained, ensuring their right to payment before the client receives any funds. It allows for the employment of expert witnesses or associate counsel, and clarifies the conditions under which attorneys may withdraw from representation or be discharged by the client. Importantly, the agreement also contains a clause that protects attorneys' fees in the event of unauthorized settlement by the client. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in contentious legal matters, as it helps streamline the fee structure and clarify expectations between clients and legal professionals.