Contingency By Law Definition In King

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King
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US-00442BG
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Description

There are various types of attorney fee arrangements such as time based, fixed, or contingent. Time based means a fee that is determined by the amount of time involved, such as so much per hour, day or week. Fixed means a fee that is based on an agreed amount, regardless of the time or effort involved or the result obtained. Contingent means a certain agreed percentage or amount that is payable only upon attaining a recovery, regardless of the time or effort involved.


With a contingent fee arrangement, the lawyer receives no fee unless money is recovered for the client. Upon recovery, the lawyer is paid an agreed-upon percentage, usually ranging from an amount equal to 25 to 50 percent of the amount recovered. A written fee agreement should specify the costs and expenses to be deducted and whether such costs and expenses are to be deducted before or after the contingent fee is calculated. Contingent fee agreements are generally not permitted for criminal cases or domestic relations matters.


Even if there is no recovery, however, the client is still responsible for court costs (filing fees, subpoena fees, etc.) and related expenses, such as telephone charges, investigators' fees, medical reports, and other costs.


This form is a fairly typical contingent fee agreement

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FAQ

Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.

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.

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.

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

What Is a Contingency? A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.

A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid.

The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.

Contingent adj 1 : likely but not certain to happen compare executory. 2 : intended for use in circumstances not completely foreseen a fund 3 : dependent on or conditioned by something else a claim a legacy on the marriage compare vested.

More info

A contingency fee is a payment to an attorney for legal representation and services that depends on money damages being recovered. A contingency means that the lawyer's fee is a percentage of any recovery.Some law firms will take a case on "contingency" that is they will front the legal costs and represent you if it goes to trial. A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid. An ancient law term meant to take in and give feed to the cattle of strangers in the king's forest, and to collect the money due for the same to the king's. Definitions. 1 In this Act, the following words and phrases have the meanings assigned to them in the Land Title Act: "charge";. "encumbrance";. 1. a contingent event or condition: such as a : an event (such as an emergency) that may but is not certain to occur trying to provide for every contingency. This book poses a question that is deceptive in its simplicity: could international law have been otherwise? 1. a contingent event or condition: such as a : an event (such as an emergency) that may but is not certain to occur trying to provide for every contingency. This book poses a question that is deceptive in its simplicity: could international law have been otherwise?

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Contingency By Law Definition In King