Contingency In Law 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 formal contract in Texas that outlines the terms under which a client engages attorneys to represent them in legal matters, particularly wrongful termination claims. The agreement specifies the payment structure, where fees are contingent on the success of the claim, detailing percentages for settlements reached before and after a trial, including appeals. It emphasizes the client's obligation to cover reasonable costs incurred by the attorneys while pursuing the claim, such as expert witness fees and travel expenses, which are billed regularly. The attorneys are granted a lien on any amounts recovered as payment for their services and costs advanced on behalf of the client. Special provisions allow attorneys to hire associate counsel or expert witnesses at their discretion, and the client must bear those costs. Additionally, the agreement ensures that attorneys retain their fees even if the client discharges them prior to settlement and outlines the procedures for withdrawal and settlement by the client without attorney consent. The document is essential for ensuring clear communication between clients and legal professionals, protecting both parties' rights and responsibilities under Texas law. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this form valuable for establishing transparent fee arrangements and minimizing disputes regarding compensation and costs throughout the legal process.