Contingency Fee Agreement Example In Maryland

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

Description

The Contingency Fee Agreement example in Maryland outlines the contractual relationship between a client and their attorneys for pursuing a claim, such as wrongful termination. Key features of the agreement include details on how attorney fees are structured, typically as a percentage of the net recovery, which varies based on whether the case settles out of court or goes to trial. The document also stipulates that the client is responsible for costs incurred during the case, like deposition expenses and expert fees, which may be paid periodically. Additionally, the agreement grants attorneys a lien on any recovery, ensuring they receive their fees before the client does. The employment of experts and associate counsel can be undertaken at the attorneys’ discretion, enhancing the case’s potential. The agreement underscores that no favorable outcome is guaranteed and gives attorneys the power to execute documents on the client’s behalf. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form to establish clear terms for legal representation, ensuring both parties understand their rights and obligations.