In consideration for legal services to be rendered by a law office, the client agrees to pay the law firm a percentage of all amounts recovered on behalf of the client. The law firm and the client agree that no attorney-client relationship will exist until the law firm has received from client an initial retainer fee.
Virgin Islands Legal Services Agreement - Contingent
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The U.S. Virgin Islands are an unincorporated territory of the United States. Many but not all federal laws apply to the U.S. Virgin Islands. In addition to the U.S. Constitution, which is the supreme law of the U.S., federal laws include statutes that are periodically codified in the U.S. Code.
The statute of limitations for tort claims is two years in the Virgin Islands. See 5 V.I.C. § 31(5)(A).
Post-judgment interest is provided for under the Judgments Act at 5% per year from judgment until payment.
The federal WARN Act is similar to the Virgin Islands statute in that it requires employers to provide advance written notice to those employees who will be subject to a ?mass layoff? sixty days before the layoff occurs. 29 U.S.C. § 2102(a).
A durable power of attorney contains a ?durability clause,? which is a provision permitting your designated attorney-in-fact to act on your behalf in the event you are unable to handle your affairs. A general power of attorney permits your attorney-in-fact to act on your behalf in all of your personal affairs.
Statute of limitations in contracts for sale. (1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
The average Virgin Islands statute of limitations is around two years for most civil cases. This means that for whatever civil crime is committed, the plaintiff has two years from the date of the crime to talk to a lawyer.