Contingency In Law 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 terms under which a client hires attorneys to pursue a claim, specifically addressing wrongful termination. This agreement delineates the lawyers' fee structure, which is contingent upon the client's recovery, with varying percentages based on whether the matter is settled out of court, goes to trial, or appeals to the Supreme Court of the State. Additionally, the agreement specifies that clients are responsible for reasonable costs occurring during representation, such as expert witness fees and other necessary disbursements. Attorneys retain a lien on any recovery to ensure payment for their services. The form allows attorneys to employ experts and associate counsel at their discretion, emphasizing flexibility in strategy. Clients are warned that no outcomes are guaranteed, and they grant attorneys the power of attorney for documentation regarding the claim. The utility of this form is significant for attorneys, partners, and paralegals, as it standardizes the client-attorney relationship, clarifies financial obligations, and ensures that all parties are informed about the terms of representation. Legal assistants will find the clear structure beneficial for managing case documentation and client communication.