Massachusetts Agreement between Attorney and Client to Collect a Judgment
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How to fill out Agreement Between Attorney And Client To Collect A Judgment?
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FAQ
Massachusetts allows attorneys to collect a fee when they refer a client to another attorney or firm. To meet the state's rules, attorneys must believe the other attorney is competent to handle the matter, notify the client in writing of the division of fees, and ensure the fees are reasonable.
The ?Lodestar? Method. ?The basic measure of reasonable attorney's fees is a 'fair market rate for the time reasonably spent preparing and litigating a case. ' ? Stowe II, 417 Mass. at 203, quoting Fontaine v.
A flat fee, also referred to as a flat rate or a linear rate refers to a pricing structure that charges a single fixed fee for a service, regardless of usage.
Flat Fee vs Fixed Fee With fixed fees, some legal professionals may see it as a way to describe a set price for a ?package? of legal work, that a corporation would pay an ongoing fee to cover, while a flat fee would be paid for a single legal service.
For example, if an attorney has both the plaintiff and defendant in a given case as clients, advocating on behalf of one will inherently be advocating against the interests of the other. Attorneys must take care to check for potential conflicts prior to accepting an individual as a client.
Either way, a client will sign a ?retainer agreement,? but under the flat fee arrangement, they would not pay a retainer, but a fee. While many fields of law are very suitable to a flat fee agreement, others are done on a retainer or hourly rate agreement.
A flat fee is a fixed amount that constitutes complete payment for the performance of described services regardless of the amount of work ultimately involved, and which may be paid in whole or in part in advance of the lawyer providing those services.
A flat fee agreement is a final arrangement between two parties that outlines specific terms and conditions. Typically, this type of agreement is used in legal or business transactions, and it can often be beneficial for both parties involved.