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Contingency Fee Agreement with an Attorney or Law Firm

Contingency In Law Terms In King

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

King

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms under which a client can employ an attorney for legal representation, specifically regarding wrongful termination claims. Key features include definitions of attorney fees based on case outcomes, provisions for costs and expenses incurred during representation, and attorney liens on any recovery. The form provides clear instructions for filling out essential details, such as the percentage of fees and payment schedules for costs. It also covers the employment of expert witnesses, the rights of attorneys in the event of a client's discharge, and stipulations regarding settlements made without attorney consent. This agreement serves various legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants, by establishing a clear framework for compensation and responsibilities. For those working with clients who face employment-related claims, it ensures compliance and clarity in legal proceedings, helping maintain effective communication and expectations.

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Form popularity

FAQ

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 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.

Adjective. dependent for existence, occurrence, character, etc., on something not yet certain; conditional (often followed by on or upon ): Our plans are contingent on the weather. liable to happen or not; uncertain; possible: They had to plan for contingent expenses.

: dependent on or conditioned by something else. Payment is contingent on fulfillment of certain conditions. a plan contingent on the weather. 2. : likely but not certain to happen : possible.