Contingent Forward Contract In Phoenix

State:
Multi-State
City:
Phoenix
Control #:
US-00442BG
Format:
Word; 
Rich Text
Instant download

Description

There are various types of attorney fee arrangements such as time based, fixed, or contingent. Time based means a fee that is determined by the amount of time involved, such as so much per hour, day or week. Fixed means a fee that is based on an agreed amount, regardless of the time or effort involved or the result obtained. Contingent means a certain agreed percentage or amount that is payable only upon attaining a recovery, regardless of the time or effort involved.


With a contingent fee arrangement, the lawyer receives no fee unless money is recovered for the client. Upon recovery, the lawyer is paid an agreed-upon percentage, usually ranging from an amount equal to 25 to 50 percent of the amount recovered. A written fee agreement should specify the costs and expenses to be deducted and whether such costs and expenses are to be deducted before or after the contingent fee is calculated. Contingent fee agreements are generally not permitted for criminal cases or domestic relations matters.


Even if there is no recovery, however, the client is still responsible for court costs (filing fees, subpoena fees, etc.) and related expenses, such as telephone charges, investigators' fees, medical reports, and other costs.


This form is a fairly typical contingent fee agreement

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  • Preview Contingency Fee Agreement with an Attorney or Law Firm
  • Preview Contingency Fee Agreement with an Attorney or Law Firm

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FAQ

The "Phoenix" or "Lookback" clause is common in DCHs, covering scenarios where Completion fails, possibly due to an unexpected negative outcome at a Shareholders' Meeting. Here, the DCH would end, and the bank would bear the mark-to-market losses of its hedge, if there are any.

The framework consists of a master agreement, a schedule, confirmations, definition booklets, and credit support documentation.

The "Phoenix" or "Lookback" clause is common in DCHs, covering scenarios where Completion fails, possibly due to an unexpected negative outcome at a Shareholders' Meeting. Here, the DCH would end, and the bank would bear the mark-to-market losses of its hedge, if there are any.

The break is applied from the Trade Date and covers both the option and underlying swap up to the underlying swap Termination Date. A break clause / revised break clause would be applied from the Expiration Date as if such date was the Trade Date for the purposes of the ISDA ETOP Best Practice statement.

– Phoenix clause: The phoenix or “lookback” clause is viewed as a protection which mitigates the bank's risk exposure under any back- to-back trade entered into in connection with a DC.

A deal contingent forward is a specialised forward foreign exchange (FX) contract. The hedging customer is only obliged to fulfil the contract if a planned major transaction, such as an acquisition, occurs.

If one or more of the named executives dies, quits, spends too much time on another job, or is otherwise unavailable, the key man clause puts investing on hold. The firm cannot make new investments until a suitable replacement is found.

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Contingent Forward Contract In Phoenix