Contingency By Law Definition In Washington

State:
Multi-State
Control #:
US-00442BG
Format:
Word; 
Rich Text
Instant download

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms under which a client retains legal representation, particularly in wrongful termination claims. In Washington, the definition of contingency refers to agreements where attorneys receive payment only if the client wins their case, which is clearly stated in the agreement. Key features include the attorney's fees based on the percentage of the net recovery, the allocation of costs and expenses, and provisions for the employment of expert witnesses. The form also includes clauses addressing attorney liens, withdrawal rights, and the handling of settlements. Filling and editing the form is straightforward, requiring specific information about the client, the claim, and the attorney's fees. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in personal injury or employment law cases, helping to delineate expectations and legal obligations. It ensures transparency in fee arrangements while providing a clear framework for legal proceedings.
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  • Preview Contingency Fee Agreement with an Attorney or Law Firm

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FAQ

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.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.

A contingency clause is a contract provision that requires a specific event or action to take place in order for the contract to be considered valid.

What Is a Contingency? A contingency is a potential occurrence of a negative event in the future, such as an economic recession, natural disaster, fraudulent activity, terrorist attack, or a pandemic.

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Contingency By Law Definition In Washington