Tennessee Agreement between Attorney and Client to Collect a Judgment

• Category: Collections - Attorneys
• State: Multi-State
• Control #: US-02700BG
• Format: Word; Rich Text

Description

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

A Tennessee Agreement between Attorney and Client to Collect a Judgment is a legally binding contract that outlines the terms and conditions agreed upon by an attorney and their client for the purpose of collecting a judgment. This agreement serves as a guideline and ensures a clear understanding between both parties regarding the attorney's role in the collection process. In Tennessee, there are mainly two types of agreements between an attorney and a client to collect a judgment: Contingency Fee Agreement and Hourly Fee Agreement. A Contingency Fee Agreement in Tennessee is a common type of agreement where the attorney agrees to provide their services in collecting the judgment based on a percentage of the amount recovered. This means that the attorney only receives payment if they are successful in recovering the judgment funds for the client. The specific percentage is negotiable between both parties and is usually included in the agreement. On the other hand, an Hourly Fee Agreement is a different type of agreement where the attorney charges a predetermined hourly rate for their services in collecting the judgment. This type of agreement requires the client to pay the attorney for the time and effort put into the case, regardless of the outcome or amount collected. In either type of agreement, the Tennessee Agreement between Attorney and Client to Collect a Judgment should contain essential elements. These elements may include: 1. Parties involved: Clearly identify the attorney's name and contact information, as well as the client's name and contact information. 2. Scope of representation: Specify the attorney's role and responsibilities in collecting the judgment, including any limitations or exclusions. 3. Fee arrangement: Clearly outline the agreed-upon fee structure, whether it is a contingency fee or an hourly fee. For the contingency fee agreement, specify the percentage of the recovered amount, while for the hourly fee agreement, state the hourly rate and an estimate of the expected time involved. 4. Reimbursement of costs: Address any additional costs or expenses associated with the collection process, such as court fees, filing fees, process service fees, etc. Clarify whether the client or the attorney will be responsible for these expenses. 5. Payment terms: Define the payment schedule and terms. If it's a contingency fee agreement, detail when the attorney will receive payment and how the payment will be calculated. If it's an hourly fee agreement, specify how and when the client should make payments (e.g., retainer, monthly billing, etc.). 6. Termination clause: Outline the conditions under which either party can terminate the agreement, and how notice should be given. 7. Confidentiality and non-disclosure: Include a provision to protect the confidentiality of client information and to prohibit the attorney from sharing any sensitive details related to the case. 8. Governing law: Specify that the agreement will be governed by Tennessee law, and any disputes will be resolved through arbitration or mediation as agreed by both parties. It is crucial for the attorney and client to have a detailed Tennessee Agreement in place to ensure a clear understanding of their roles, responsibilities, and expectations. This helps establish a professional relationship built on trust and allows for a smooth and efficient judgment collection process.