Contingency Fee In Law Definition In Pima

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the understanding between a client and their attorneys regarding the legal representation related to a wrongful termination claim. A contingency fee is defined as a percentage of the net recovery, which varies depending on whether the case is settled out of court, resolved through trial, or pursued through an appeal. Key features include the stipulation of attorney fees, potential costs and expenses that may be incurred, and the conditions under which attorneys retain their fees and advanced costs. Clients must be aware that if they settle a claim without attorney consent, they remain obligated to pay fees as defined in the agreement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear structure for billing and client representation, ensuring all parties are informed of their rights and obligations relative to costs and outcomes. It emphasizes that no guarantees of success are provided, focusing instead on the client's informed understanding of the legal process.