Contingency Agreement Example In Wayne

• Category: Attorneys - Fee Agreements
• State: Multi-State
• County: Wayne
• Control #: US-00442BG
• Format: Word; Rich Text

Description

The Contingency Fee Agreement with an Attorney or Law Firm is designed to formalize the relationship between a client and their attorney in cases such as wrongful termination claims. This agreement delineates the client's responsibilities and the attorneys' obligations, particularly focusing on how fees are calculated based on the outcome of the claim. A crucial feature is the percentage fees that attorneys receive from the net recovery, which varies depending on whether a settlement is reached before trial, at trial, or post-appeal. The document also specifies the handling of costs and expenses incurred during the legal process, ensuring transparency in financial matters. There are provisions allowing attorneys to employ expert witnesses and retain associate counsel at their discretion, which enhances the client's representation. Furthermore, the agreement includes clauses on the attorneys' lien rights, allowing them to secure payment from any recovery obtained. It also articulates the conditions under which attorneys can withdraw from representation and the implications of a client settling a claim independently. Importantly, it emphasizes that no guarantees of a favorable outcome are provided by the attorneys, making clear the legal landscape for the client. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it serves as a guideline for establishing clear expectations between legal counsel and their clients. The clarity it provides is essential in ensuring that all parties understand their rights and obligations, facilitating a smoother legal process.