Contingency Fee For Lawyers In North Carolina

• 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 outlines the arrangement between a client and their attorney regarding payment for legal services based on a percentage of the recovery obtained from the client's claim. This agreement is particularly relevant for wrongful termination cases in North Carolina, where the attorney's fee is contingent upon successful recovery, with specific percentages delineated for settlement, trial, and appeal outcomes. Users of this form should ensure they specify the terms of fees, costs incurred, and the basis for any liens that may arise from the agreement. Attorneys, partners, associates, paralegals, and legal assistants can effectively utilize this form to facilitate clear communication with clients about financial responsibilities and reinforce the understanding that payment is only owed upon successful resolution of the case. Additionally, the document provides guidelines for attorneys to withdraw from representation and outlines the implications if a client settles independently. This agreement is crucial for establishing client expectations and detailing the obligations of both parties, thereby reducing potential conflicts regarding fees and expenses.