Contingency Fee Agreements In Utah

• 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 outlines the terms under which a client engages attorneys to pursue a claim, typically for wrongful termination. This agreement stipulates that the attorneys will receive a percentage of any net recovery from the case, varying depending on whether the matter settles before trial or requires litigation. Clients are also responsible for any reasonable costs incurred by the attorneys in advancing the case, including deposition costs and travel expenses. Additionally, the agreement grants attorneys a lien on any recovery, ensuring their fees are paid directly from the settlement or judgment. The attorneys retain the discretion to employ experts or associate counsel as necessary. Importantly, the agreement clarifies that attorneys are entitled to their fees even if the client discharges them before reaching a settlement. It includes provisions for notice, the governing law, and the conditions for modification of the agreement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants looking to establish clear financial relationships and expectations in representing clients on a contingency basis.