Contingent Contract With Case Law In Texas

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

Description

The Contingent Contract with case law in Texas outlines a contingency fee agreement between a client and their attorneys for prosecuting a claim, typically involving wrongful termination. This agreement specifies the attorney's fees based on the net recovery percentage, which varies depending on whether the case is settled out of court or resolved through trial or appeal. It also addresses costs and expenses that may be incurred during the representation, providing clarity on how these will be billed to the client. Notably, the attorneys retain a lien on any recovery which ensures they are compensated for their services and expenses. The agreement allows attorneys to withdraw with appropriate notice while protecting their right to fees and reimbursement for advanced costs. It emphasizes that attorneys make no guarantees regarding the outcome of the case, promoting transparency with clients. This form is particularly useful for attorneys, partners, owners, and paralegals as it offers a structured method to establish payment terms and protective measures for both parties involved. Overall, it serves as a critical tool for ensuring compliance with Texas case law while supporting effective legal representation.