Georgia Agreement that Contract Contingent on Attorney Approval
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How to fill out Agreement That Contract Contingent On Attorney Approval?
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FAQ
To constitute a valid contract, there must be parties able to contract, a consideration moving to the contract, the assent of the parties to the terms of the contract, and a subject matter upon which the contract can operate.
Attorney approval clauses are most widely used in the purchase of a property and real estate. The attorney will review the local development plans, economic conditions and the state of the property as described in a surveyors report.
Contingent fees are unfair because plaintiffs are not allowed to recover the cost of the fee from the defendant--that is, add the fee to the judgment awarded. Plaintiffs must prove the economic worth of their injuries.
The term ?contingency fee? refers to a type of fee arrangement in a case in which an attorney or firm agrees that the payment of legal fees will be contingent upon the successful outcome of the case.
What are contingent fees? A client pays a contingent fee to a lawyer only if the lawyer handles a case successfully. Lawyers and clients use this arrangement only in cases where money is being claimed?most often in cases involving personal injury or workers' compensation.
Contingency fees mean you will pay the lawyer a certain percentage of the money you receive if you win the case or settle the matter out of court. If you lose your case, the lawyer does not receive any payment from you.
By contrast, when you pay a contingent fee, you compensate the lawyer for the results the lawyer produces. Examples of contingent fees include: 33% of all compensation recovered. 33% of any settlement or 38% of any jury award.
For example, any product that promises a certain level of performance can be considered a candidate for contingency pricing. Internet download speeds are one example. If a cable company is unable to deliver high-speed Internet service at the speeds it advertises, it can provide partial refunds to unsatisfied customers.
