Contingency Law In A Sentence 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 outlines the terms under which a client engages attorneys to represent them in a claim, particularly wrongful termination. In Phoenix, the contingency law allows the attorneys to charge a percentage of the recovery from the claim as their fee, which varies based on whether the case is settled out of court or requires trial and appeal. Key features of the form include provisions on attorney fees, costs and expenses, attorneys' liens, and the power of the attorney to execute necessary documents. It emphasizes that attorneys do not guarantee a favorable outcome and that fees are applicable even if a client discharges the attorneys before a settlement. The form should be filled with accurate descriptions of the client’s claim and compensation details. Target users, including attorneys, paralegals, and legal assistants, will find this form useful for clearly establishing the financial arrangements and obligations related to the representation. Additionally, it ensures both parties understand their rights on costs and recovery while maintaining regulatory compliance in the state of Arizona.