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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Agreement Sample Format In Palm Beach

Q: What is the best definition of a contingency?

A contingency is an event you can&#039;t be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that&#039;s impossible to predict with certainty.

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Palm Beach

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Agreement sample format in Palm Beach is a legal document between a client and attorney that outlines the terms of legal representation, specifically in wrongful termination cases. It includes details on the attorney's fees based on the recovery, stipulating percentages for various outcomes, such as settlement or trial. The form specifies the costs and other expenses that the client may owe, including disbursements for travel and expert witnesses. It grants attorneys a lien on any recovery, ensuring they are compensated for their services from the settlement proceeds. Additional provisions allow attorneys to employ expert witnesses and associate counsel at the client's expense. It also addresses scenarios like attorney withdrawal and client settlements made without attorney consent, emphasizing that no guarantees of a favorable outcome are promised by the attorneys. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear structure for engagement and payment in contingency fee arrangements, aiding in legal clarity and ensuring mutual understanding between parties.

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FAQ

A contingent contract makes commitments self-enforcing by eliminating the need to reconvene or renegotiate when a surprise crops up. A contingent contract eliminates the need to come to an agreement. By allowing parties to bet on their predictions, a contingent contract enables parties to “live with” their differences.

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

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.