Contingency In Law Terms 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 crucial document in Texas legal practice that defines the relationship between clients and their attorneys in cases where legal fees are contingent on the success of the case. This agreement typically outlines the basis of employment, specifying the attorney's role in prosecuting claims such as wrongful termination. Key features include the percentage fees based on outcomes, client obligations to cover costs and expenses, and provisions for attorney liens on recovery amounts. Users of this form, including attorneys, partners, and paralegals, should carefully fill in client and attorney details, define payment percentages, and outline specific cost responsibilities clearly. The document serves vital purposes such as clarifying legal fees and protecting attorney rights should a client terminate their services or settle without consent. It emphasizes putting in writing any modifications to ensure legal enforceability. Overall, this agreement facilitates a clear understanding of financial expectations and legal representation for clients and legal professionals alike.