An Illinois Interim Fee Award Order is a court order issued by the court that sets a fee for attorneys to be paid by the parties in a legal dispute. This type of order is issued during the course of a case and before a final award is entered. The Interim Fee Award Order is based on the estimated value of the case, the court’s assessment of the complexity of the case and the workload that the attorneys have already completed. There are two types of Illinois Interim Fee Award Orders. The first is a lump sum order, which requires the parties to pay the attorney’s fees in one lump sum. The second is a periodic-payment order, which requires the parties to pay the attorney’s fees in installments.
Illinois Interim Fee award Order
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Interim Fee award Order
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Interim attorney's fees are a type of monetary award where one party contributes funds towards the other party's legal representation. Courts are authorized under Section 501 of the Illinois Marriage and Dissolution of Marriage Act (IMDMA) to award interim attorney's fees.
More Definitions of Fee Award Fee Award means the amount of attorneys' fees and reimbursement of costs and expenses awarded by the Court to Class Counsel from the Settlement Fund.
§ 508. Attorney's Fees; Client's Rights and Responsibilities Respecting Fees and Costs. (a) The court from time to time, after due notice and hearing, and after considering the financial resources of the parties, may order any party to pay a reasonable amount for his own or the other party's costs and attorney's fees.
Interim Fee Application (Financial Restructuring & Bankruptcy Glossary) A formal request to the court submitted by a retained bankruptcy case professional seeking an award, on an interim basis, of fees and reimbursement of expenses every 120 days or more often if permitted by the bankruptcy court.
