Idaho Fee Agreement
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FAQ
Because a fee agreement is a contract between a representative and his or her client, each fee agreement is unique and may vary in length, content, and complexity.
An "Agreed Fee" is one that is fixed - not a fee that can be varied upwards, nor a fee that is dependent on the transaction being completed. An agreed fee must be evidenced in writing.
Agreement Fees are the sources of revenue contained within a Revenue Agreement. Agreement Fees track the amount of revenue that will be recognized for each item and the period for which the revenue will be recognized. The method by which the revenue is recognized is determined by this object as well.
The final agreement should include a list of services the lawyer will perform for you and the type and amount of fees you will be expected to pay. It should also include an explanation of how the other costs and expenses will be handled and billed, including interest or charges for unpaid amounts.
A fee for service or vendor agreement is typically an agreement between two parties where one party provides a routine service for the other party.
Contract Fees means the Fees payable to the Consultant as specified in the Contract Agreement, subject to such additions and adjustments thereto or deductions there from, as may be made pursuant to the Contract.
In your initial meeting with your lawyer, you should discuss the lawyer's fees and the fee arrangement. Your fee agreement should set out the services the lawyer will perform for you, the types of fees, and the amount you should expect to pay.
