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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Fee Agreement Sample With Client In Palm Beach

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Palm Beach

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement Sample with Client in Palm Beach outlines the relationship between a client and their attorney regarding legal representation in wrongful termination claims. Key features include a clear statement of employment, detailing the client's retention of attorneys and the percentages of net recovery owed as attorney fees depending on the resolution method—settlement or trial. The form specifies the responsibility for costs and disbursements, outlining how these expenses will be managed. It highlights the attorneys’ lien on any recovery, the potential employment of experts at the attorney's discretion, and the conditions under which attorneys may withdraw from the case. It also addresses the client’s obligations if they settle without the attorney's consent and clarifies that a favorable outcome is not guaranteed. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in ensuring a clear understanding of fee arrangements, responsibilities, and the legal framework governing their agreement, ultimately fostering trust and clarity in the attorney-client relationship.

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FAQ

The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.

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.