Contingent Contract With Case Law In Tarrant

State:
Multi-State
County:
Tarrant
Control #:
US-00442BG
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Word; 
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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

Contingency clauses help parties find common ground when they have divergent future expectations. However, they come with complexities and potential drawbacks, such as increased administrative overhead and the need for careful negotiation and drafting.

In the case of conditional contracts, conditions that need to be fulfilled are certain, i.e., bound to happen, which is not the case with contingent contracts, as such conditions may or may not happen.

Conditions are requirements set by lenders that must be met for the approval to move forward. Contingencies, on the other hand, are provisions that allow you to back out of the mortgage agreement under specific circumstances.

A "contingent contract" is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

In the case of conditional contracts, conditions that need to be fulfilled are certain, i.e., bound to happen, which is not the case with contingent contracts, as such conditions may or may not happen.

Contingent contracts to do or not to do anything if a specified uncertain event does not happen within a fixed time may be enforced by law when the time fixed has expired and such event has not happened or, before the time fixed has expired, if it becomes certain that such event will not happen.

More info

On November 14, 2022, the Unites States Trustee ("UST") filed a motion to reopen the case. Can you copy and paste the contingency provision in your contract regarding finding suitable housing in a reasonable time?Jimmie A. Franklin and David C. Cowden v. Jacqueline Chatto Appeal from County Court at Law No. 2 of Tarrant County (memorandum opinion). The court must make the Rules of Civil Procedure and the Rules of. The complexity, however, creates a framework for all players in the construction industry to use and fairly enforce contingent payment clauses. If the Construction Manager submits a bid, then the Construction Manager must submit the bid to the Tarrant County Purchasing Department Contracts. The dispute came to a head when Woods sued Rieder, Rapee, and Cadbury in Tarrant. County, Texas, as specified in the Series Agreement. Can you copy and paste the contingency provision in your contract regarding finding suitable housing in a reasonable time?

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Contingent Contract With Case Law In Tarrant