Contingency By Law Definition In Travis

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the arrangements between a client and their attorney regarding legal representation for a claim, specifically in cases of wrongful termination. In Travis, a contingency by law is defined as an agreement where attorney fees are contingent upon the successful resolution of the client's claim, typically involving a percentage of the recovery. Key features include the specification of attorney fees based on the resolution method (settlement or trial), the provision for the attorney's lien on the recovery amount, and the ability for attorneys to employ experts or associate counsel at the client's expense. The form also details how costs and expenses related to the representation are handled and establishes the processes for withdrawal and the ramifications if the client settles without attorney consent. This form is crucial for attorneys, partners, owners, associates, paralegals, and legal assistants, as it clarifies expectations, protects both parties' rights, and ensures financial accountability throughout the legal process. Its straightforward structure aids users in understanding their obligations and rights within the attorney-client relationship.