Contingency Fee Agreement Sample For Attorney In Virginia
Category:
State:
Multi-State
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement sample for attorney in Virginia is a formal contract between a client and an attorney, outlining the terms of legal representation in a wrongful termination claim. It specifies that the client retains the attorney to handle their claim and grants permission for the attorney to negotiate and file necessary legal actions. Key features include the percentage of the net recovery that the client will pay as attorney fees, based on whether the claim is settled out of court, resolved at trial, or subject to an appeal. The agreement details the client's responsibility for costs and expenses incurred during representation, which may include deposition costs and expert witness fees. Moreover, it establishes the attorney's lien on any recovery obtained and addresses the employment of expert witnesses and associate counsel at the attorney's discretion. Additionally, the agreement covers conditions under which attorneys can withdraw from representation and clarifies the client's obligations if they settle the claim independently. Importantly, attorneys do not guarantee a favorable outcome or reimbursement of costs to the client. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for client engagement, ensures compliance with legal standards, and protects both client and attorney rights during the legal process.
Free preview
Form popularity
FAQ
Contingency Contract Examples If you fail to secure the financing within the stipulated period, either party may terminate the contract without any legal consequences. Another simple example is a child who agrees with their parent that they would receive a new bicycle if they receive an A in a specific class.
The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.
