Contingency By Law Definition In Wayne

State:
Multi-State
County:
Wayne
Control #:
US-00442BG
Format:
Word; 
Rich Text
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Description

The Contingency Fee Agreement with an Attorney or Law Firm serves as a legally binding contract outlining the terms under which a client engages attorneys to pursue a legal claim, specifically for wrongful termination in Wayne. The document details the fee structure, specifying percentages payable to attorneys based on the manner of case resolution, such as out-of-court settlement or trial. It also explains the responsibilities regarding costs and expenses incurred by attorneys on behalf of the client, emphasizing that these will be reimbursed by the client. Notably, it grants attorneys a lien on any recovery amounts, ensuring their fees and expenses are secured. The form empowers attorneys to retain experts and associate counsel as necessary while providing guidelines for withdrawal and substitution of attorneys. Importantly, the document clarifies that no guarantees for a favorable outcome are made. This agreement is critical for attorneys, partners, owners, associates, paralegals, and legal assistants, as it sets forth clear expectations, responsibilities, and compensation structures, ultimately protecting both the client's and attorneys’ interests during legal proceedings.
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FAQ

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.

Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.

Contingency implies an emergency or exigency that is regarded as possible but uncertain of occurrence.

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

A contingency is an event you can't be sure will happen or not. The noun contingency describes something that might or might not happen. We use it to describe an event or situation that is a possible outcome but one that's impossible to predict with certainty.

Contingency refers to an event that may or may not occur in the future. In other words, it depends on fulfillment of a condition, which is uncertain or incidental.

Quick Reference. An event or state of affairs dependent on another, uncertain event or occurrence. Contingence is the influence of the history of a system in determining its response to an input (Lane (2001) TIBG 26).

A contingency is a potentially negative event that may occur in the future, such as an economic recession, natural disaster, or fraudulent activity. Companies and investors plan for various contingencies through analysis and implementing protective measures.

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.

Contingent adj 1 : likely but not certain to happen compare executory. 2 : intended for use in circumstances not completely foreseen a fund 3 : dependent on or conditioned by something else a claim a legacy on the marriage compare vested.

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Contingency By Law Definition In Wayne