Contingency Fee Law In Oklahoma 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 a legal document that outlines the terms under which a client engages attorneys to pursue a claim, particularly focusing on wrongful termination cases in Oklahoma, specifically in Wayne. Key features of this agreement include the percentage of recovery the attorney will receive as fees, which varies depending on whether the case settles before trial, goes to trial, or appeals to the State Supreme Court. It also stipulates the costs and expenses that the client will be responsible for, such as deposition costs and expert witness fees, which may be advanced by attorneys. Furthermore, the agreement allows attorneys to retain a lien on the recovery amount, ensuring they are compensated for their fees and any advanced costs. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement serves as a critical framework for establishing clear expectations regarding fees, responsibilities, and the client's rights in case of withdrawal or settlement without consent. Additionally, it emphasizes that attorneys make no guarantees regarding the outcome of the claim, thereby managing client expectations. The agreement is designed to be comprehensive yet straightforward, facilitating effective communication between the client and their legal representatives.