Contingency In Law Terms In Phoenix

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document that outlines the terms of representation between a client and an attorney regarding wrongful termination claims. This agreement emphasizes that attorneys will receive a percentage of any net recovery, contingent on the resolution of the claim, whether settled out of court or through trial. It specifies responsibilities and rights concerning costs, expenses, and attorney's liens, ensuring that clients understand their financial obligations and the attorneys' fees associated with litigation. Users of this form include attorneys, partners, and legal assistants who will utilize it to facilitate clear communication and understanding of legal fees and costs involved in enforcing a client’s rights. The importance of this document lies in its clarity on compensation and the power of attorneys to act on the behalf of clients. Filling out this form requires accurate descriptions of the claims and careful attention to the percentages and conditions outlined for payment. Paralegals and legal assistants may find the instructions on fees and costs particularly useful when advising clients or managing case files. Overall, this agreement not only protects the interests of both parties but also sets realistic expectations about outcomes in legal proceedings.