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An engagement letter can incorporate and serve as a fee agreement, or it can be a separate letter to the client. The following letters and agreements are sample forms only. Use of these samples will help you draft clear expectations and avoid misunderstandings between you and your clients.
What is a Fee Tail? A Fee Tail is a provision that is included in an engagement letter relating to the termination of an investment banker's engagement in a sale transaction.
An engagement letter is signed when a firm that wants to sell enlists the services of an investment banker to help them find potential buyers. The banker may receive a retainer fee at the start of the transaction or agree to receive a percentage (1% to 3%) when the deal ends.
Engagement Fee means the amount agreed to be paid by the Client to the Agent for the Agent to be engaged for the provision of the Services and includes (a) any amount set out in any invoice provided by the Agent to the Client; and (b) any amounts set out in the Schedules.
Put simply, an engagement letter is a document that outlines the terms of your client's agreement with you. The main points you'll want to include in your engagement letter are the services being offered, fee structure, the timeline for the working relationship, payments, and any other expectations.
Rule 1.9 - Duties to Former Clients (a) A lawyer who has formerly represented a client in a matter shall not thereafter represent another person in the same or a substantially related matter in which that person's interests are materially adverse to the interests of the former client unless the former client gives ...
Cond. 6.1. A lawyer should render public interest legal service.
Under Rule 1.7 of the RPC, we are precluded from representing a client if the representation of that client involves a concurrent conflict of interest; that is, where representation of one client will be directly adverse to another client, or where there is a significant risk that representation of one or more clients ...