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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Fee For Construction In Suffolk

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Suffolk

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document essential for clients seeking legal representation on a contingency fee basis regarding construction-related claims in Suffolk. This agreement outlines the terms under which an attorney is retained, including the percentage of the recovery to be paid as attorney fees, contingent upon successful resolution of the case. Key features include stipulations on costs and expenses that clients are responsible for, including expert fees and travel expenses, which are to be paid periodically. The document emphasizes the attorneys' lien on the recovery, ensuring they are compensated before the client receives any proceeds. It also provides for the employment of associate counsel at the attorneys' expense and details the process for withdrawal or discharge of attorneys. The agreement makes clear that attorneys do not guarantee a successful outcome, thus managing client expectations regarding the legal process. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants, providing a clear framework for client representation and financial expectations, especially in the construction sector.

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FAQ

Contingent Charges means expenditure which is incidental to the working of an office and includes all miscellaneous charges, other t h a n t hos e for e s t ablis hm e nt a n d t ravellin g allow ance which an officer is required to incur in connection with his duties; Sample 1 Start Drafting.

How Is Construction Contingency Calculated? Typically, most construction projects use a contingency rate of 5% to 10% from the total project budget. This is typically enough to cover any unexpected costs that may arise throughout the project.