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The attorneys' fees clause confers a right to recover reasonable attorney fees for lawsuits brought under the agreement. Typically, the prevailing party recovers fees, normally limited to those that are reasonable, reflecting statutory law in most states.
California Civil Code Section 1717 provides, ?In any action on a contract, where the contract specifically provides that attorney's fees and costs, which are incurred to enforce that contract, shall be awarded either to one of the parties or to the prevailing party, then the party who is determined to be the party ...
Legal fees are most commonly used to describe the fees paid to the attorney for his/her time and effort. Fee structures for attorney vary significantly based on the region and type of case.
California Civil Code section 1717 entitles the prevailing party to attorneys' fees ?[i]n any action on a contract,? where the contract provides for an award of attorneys' fees to the prevailing party, regardless of whether the prevailing party is the party specified in the contract or not.
About contingency fees 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.