This is an engagement letter for joint client representation. It covers the nature and scope of the representation, any exclusions, potential conflicts of interest, retainer, fees, costs and expenses, arbitration, and other issues.
North Carolina Engagement Agreement for Joint Client Representation
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FAQ
This is a legal contract between the law firm and the client setting forth the terms of the legal services to be provided and how the client will be charged for the services.
An engagement agreement can define the expected fee or payment terms and the scope of engagement or what a party is expected to do. They can also include confidentiality clauses as well as describe what actions must be taken in order to terminate the agreement.
The parties to the engagement must have had the capacity to act, meaning both parties must have been over the age of 18. In the case of a minor, the necessary consent is required from their parent/guardian unless the minor is emancipated by the court. The validity of an engagement is also based on consensus.
What Is an Engagement Letter? An engagement letter is a written agreement that describes the business relationship to be entered into by a client and a company. The letter details the scope of the agreement, its terms, and costs. The purpose of an engagement letter is to set expectations on both sides of the agreement.
Terms of agreement are a set of legal conditions used to ensure that all parties involved in a contract or transaction understand the responsibilities and obligations of each party. They can be found in any type of business document, including service contracts, purchase orders, and sales agreements.
Engagement letters set the terms of the agreement between two parties and include details such as the scope, fees, and responsibilities, among others. Some of the benefits of engagement letters are that they are legally binding documents, they reduce misunderstandings, and they set clear expectations.
These Terms constitute a contract for services between the Employment Business and the Contractor upon being signed on behalf of the Contractor and they govern all Assignments undertaken by the Contractor.
Lawyers routinely represent more than one client in a matter of common interest. Most joint representations are uneventful. The joint clients achieve their goals and the lawyer's services are never at issue. Sometimes, however, the joint clients' interests diverge, and they eventually develop into adversaries.