Contingency Fee Agreement Sample With Client In Michigan

State:
Multi-State
Control #:
US-00442BG
Format:
Word; 
Rich Text
Instant download

Description

The Contingency Fee Agreement Sample with Client in Michigan is a legal document that outlines the terms under which an attorney agrees to represent a client in a wrongful termination claim. Key features include a clear statement of employment, detailing the percentage of fees to be paid based on the manner of claim resolution — whether settled out of court, through trial, or after an appeal. It also addresses costs and expenses, indicating that these will be paid by the client on a specified schedule, and a lien securing attorney fees and advanced costs. This form is essential for attorneys and paralegals as it clarifies payment structures and protects their rights to payment should the client settle independently. The document also gives attorneys discretionary powers to employ experts and associate counsel while ensuring they have the authority to execute necessary legal documents for the client. Given its straightforward language and structured clauses, this agreement is particularly useful for both inexperienced clients seeking legal representation and professionals needing clear guidelines for their roles and responsibilities.
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  • Preview Contingency Fee Agreement with an Attorney or Law Firm

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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.

Contingency Contract Examples If you fail to secure the financing within the stipulated period, either party may terminate the contract without any legal consequences. Another simple example is a child who agrees with their parent that they would receive a new bicycle if they receive an A in a specific class.

The contract is characterized as "contingent" because the terms are not final and are based on certain events or conditions occurring. A contingent contract can also be viewed as protection against a future change of plans.

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Contingency Fee Agreement Sample With Client In Michigan