Contingency For Legal 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 is a crucial legal document that outlines the terms of engagement between a client and their attorneys for prosecuting a wrongful termination claim. This agreement specifies the attorneys' fees, which are contingent upon the recovery from the claim, detailing different percentages based on whether the case is settled out of court, resolved at trial, or following an appeal. It also includes clauses for the payment of costs and expenses incurred during the representation, allowing the attorneys to advance these costs, which the client must reimburse. The agreement empowers attorneys to negotiate settlements, employ experts, and even retain associate counsel as necessary. Of particular importance is the inclusion of a lien for attorneys on any recovery amount, ensuring they are paid for their services directly from the settlement or judgment. The form provides clear instructions for filling in specific client and attorney information, as well as dates and percentages relevant to the case. This document is especially useful for attorneys, partners, and paralegals in managing the expectations and rights of both the client and the legal representation. It serves as a safeguard for attorneys and offers clarity on the financial arrangements, which is crucial for successful case handling.