Fee Agreement For Ssa

State:
Multi-State
Control #:
US-01771
Format:
Word; 
Rich Text
Instant download

Description

The Fee Agreement for SSA is a formal contract between an Offeror and a Finder, aimed at facilitating the solicitation of customers and marketing activities for the Offeror's enterprise. Key features include the representation and authorization of the Finder to act on behalf of the Offeror, and detailed compensation structures that can be tailored to fit specific arrangements, such as fixed commissions or percentages of gross sales. This agreement also specifies the effective date, term length, and provisions concerning the acceptance of transactions by the Offeror. Users can edit the compensation structures as needed, ensuring flexibility in terms of financial agreements. The form serves various legal professionals—attorneys, partners, and paralegals—by providing a clear framework for establishing finder’s fees, which are crucial in business development. Legal assistants may find it helpful for organizing and processing such agreements in their office. Overall, this form simplifies the establishment of a mutually beneficial relationship between Offerors and Finders while ensuring legal compliance and clarity in financial obligations.
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FAQ

1. ?Fee agreement? as used throughout the opinion is the generic term for the various types of written contracts between lawyers and clients detailing the terms of representation, also referred to as engagement letters and retention, representation, or retainer agreements.

The fee agreement process is one of the two processes an appointed attorney or non-attorney representative may use to obtain authorization to charge and collect a fee for services he or she provided to a claimant in proceedings before the Social Security Administration (SSA).

In SSDI and SSI cases, since the SSA sets the fee cap, your attorney cannot charge more than 25% or the cap of $7200. You should be aware that most SSDI and SSI cases do not have a large back benefit. Therefore, in most cases the attorney fee will be around $3,000 to $4,000, which would be 25% of the back benefit.

The representative may petition for a fee. A named third party will pay the representative a fee equal to the lesser of 25 percent of the past-due benefits or the specified dollar amount (e.g., $7,200), and the claimant will have no financial liability for paying the authorized fee.

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Fee Agreement For Ssa