Success Fee Conditional Fee Agreement

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

Description

This form is a Finder's Fee Agreement. The offerer and the finder agree to certain terms in furtherance of the mutual purpose of solciting customers and marketing the enterprise operated by the offeror. The document provides that the finder is authorized to represent the offerer in locating, soliciting, and selling to potential customers of the offeror.
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FAQ

Under a No Win No Fee agreement, the success fee is taken as a percentage of your compensation, regardless of the settlement figure you receive. However, as per the Conditional Fee Agreements Order 2013, the fee is legally capped at 25% for personal injury claims.

A success fee is an agreed uplift on a lawyers costs - in the event that the case is successful. It is one of many types of legal funding options available to clients.

Related Content. A conditional fee agreement or CFA is an agreement with a legal representative which provides for their fees and sometimes their expenses, or any part of them, to be paid only in certain circumstances - usually only if the client wins the case.

A CFA is an agreement whereby a solicitor and a client can agree to share the risk of the litigation by coming to a financial arrangement whereby part, or sometimes all, of the solicitors' fees will only be payable by the client in the event of success.

Terminating a Conditional Fee Agreement A client is entitled to terminate a conditional fee agreement, in the same way as any client agreement, but if they do then the legal representative is usually entitled to be paid in full immediately.

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Success Fee Conditional Fee Agreement