Contingency Fee For Insurance In Texas

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a legal document in Texas designed to outline the terms under which an attorney is retained by a client, specifically relating to wrongful termination claims. This form delineates the percentage of net recovery that clients will owe attorneys as fees, depending on whether the case is settled out of court, resolved through trial, or after an appeal. It includes provisions for the advancement and reimbursement of costs incurred by the attorneys, ensuring transparency on expenses like depositions and expert witness fees. Additionally, the agreement stipulates that attorneys retain a lien on any financial recovery, ensuring their fees are protected. This document also addresses circumstances under which attorneys can withdraw, how fees may be calculated if the client settles independently, and clarifies that no outcomes are guaranteed. It is particularly beneficial for a range of legal professionals, including attorneys, partners, associates, paralegals, and legal assistants, as it offers a structured approach to fee agreements, helping to manage client expectations and outline financial responsibilities in a straightforward manner.