Contingency Agreement Sample For Drrm In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Agreement Sample for DRRM in Montgomery serves as a formal contract between a client and their attorneys regarding the representation in claims related to wrongful termination. The agreement outlines the client's retention of attorneys to pursue legal action, detailing the fees attorneys will charge, which are based on the percentage of net recovery. Key features include the stipulation of reasonable costs and expenses that the client must cover, and provisions for attorneys' liens and the employment of experts. The form also covers the conditions under which attorneys may withdraw and the consequences if the client settles independently. This document is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants as it assists in setting clear expectations about fees, responsibilities, and legal obligations. Additionally, it reinforces the necessity of documented agreements in legal practices, ensuring both parties are aware of the terms governing their relationship.
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FAQ
What Is a Contingency? A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.
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.
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.
