Contingency Fee Agreements In Texas

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

Description

The Contingency Fee Agreement in Texas is a legal contract between a client and an attorney or law firm that outlines the terms of legal representation, specifically regarding the attorney's fees. Key features include the percentage of net recovery that the attorney will receive if the case is settled out of court, resolved through trial, or appealed, as well as provisions for costs and expenses incurred during the case. The agreement also allows attorneys to hire expert witnesses and associate counsel at the client's expense and secures attorneys' lien on any settlement or judgment recovered. Specific use cases for this form include wrongful termination claims, personal injury cases, and other civil litigation matters where fees depend on case outcomes. Attorneys and paralegals will find this form useful for managing client expectations on fees while ensuring compliance with Texas legal standards. It highlights the importance of clear communication regarding financial arrangements and the potential implications of settling without attorney consent. Overall, the agreement ensures that both parties have a mutual understanding of their rights and obligations.