Contingency Under Law In Maryland

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document used in Maryland to outline the terms of representation between a client and their attorney, particularly in cases involving wrongful termination claims. This agreement specifies the attorney's fees, which are contingent on the outcome of the case, with distinct percentages for settlements achieved out of court, through trial, or post-appeal. The contract also mandates that the client cover reasonable costs and expenses incurred by the attorney in pursuit of the case. Key features include the establishment of an attorney's lien on any recovery, the attorney's discretion to hire expert witnesses, and provisions for the withdrawal or discharge of attorneys without losing their right to fees. It emphasizes that attorneys cannot guarantee a favorable outcome, and includes a power of attorney allowing attorneys to execute necessary documents on behalf of the client. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for client representation, fee structures, and responsibilities. It helps streamline the legal process and ensures that all parties understand their roles, obligations, and potential costs involved.