Contingency Fee Agreement Sample Format In New York

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

Description

The Contingency Fee Agreement sample format in New York is a legal document outlining the relationship between a client and their attorney regarding legal representation for claims, such as wrongful termination. It defines the scope of employment, outlining the client's consent to allow attorneys to handle their case including negotiation and potential litigation. The agreement specifies the fees, granting the attorney a percentage of the net recovery based on the resolution method, whether it be a settlement, trial, or post-appeal. Additional clauses address costs, lien rights on recovered funds, and the possibility of employing expert witnesses or associate counsel at the attorney's discretion. Notably, it includes stipulations regarding client withdrawals, attorney withdrawals, and terms for fees if a client settles without attorney consent. The document also states that attorneys do not guarantee favorable outcomes but will act in the client's best interests. This agreement is vital for attorneys, partners, owners, associates, paralegals, and legal assistants, as it ensures clarity on fee structures, responsibilities, and rights, facilitating smoother legal processes.