Contingency Fee Agreements In Michigan

• 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 crucial legal document in Michigan that outlines the terms of employment between a client and their attorneys for pursuing a claim, such as wrongful termination. This agreement specifies the attorney's fees, which are contingent on the success of the claim, with different percentages applied depending on whether the matter is settled out of court, resolved at trial, or involves appeals. Clients are responsible for covering reasonable costs and expenses incurred during the legal process, which can be advanced by the attorneys. Key features also include provisions for attorney liens on any recovered amount, employment of expert witnesses, and the possibility of substituting or discharging attorneys while still ensuring payment for their services. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement serves as a foundational tool for setting clear expectations and securing fair compensation in contingent legal matters. It emphasizes the importance of effective communication and outlines the attorney's authority in executing necessary legal documents on behalf of the client. Users must ensure all sections are accurately filled out, particularly the fee percentages and descriptions of claims, to facilitate smooth proceedings.