This form is a attorney-client contract agreement based upon a contingency fee. The fee percentage is included in the contract.
Middlesex Massachusetts Attorney Fee Contract - Contingency - 33-1/3%
Category:
State:
Multi-State
County:
Middlesex
Control #:
US-PI-0226
Format:
Word;
Rich Text
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How to fill out Attorney Fee Contract - Contingency - 33-1/3%?
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FAQ
Contingency fee cases can sometimes be seen as a risk, because the lawyer does not get paid unless they win the case. However, the risk is lower if you are more likely to win your case. With a lower risk, the more likely you are to find an attorney willing to take the case.
Under the AICPA rule, a member could potentially charge a contingent fee for an amended return if the member can demonstrate a reasonable expectation, of substantive consideration by a taxing authority.
In contrast to a fixed hourly fee, in a contingent fee arrangement lawyers receive a percentage of the monetary amount his/her client receives when they win or settle their case. That is, in a contingency fee agreement, the lawyer only receives compensation if the lawyer has successfully represented the client.
Definition of contingency fee : a fee for services (as of a lawyer) paid upon successful completion of the services and usually calculated as a percentage of the gain realized for the client. called also contingent fee.
Contingency fee cases can sometimes be seen as a risk, because the lawyer does not get paid unless they win the case. However, the risk is lower if you are more likely to win your case. With a lower risk, the more likely you are to find an attorney willing to take the case.
To put it another way, with a contingency fee, payment for your attorney's services is "contingent upon" your receiving some amount of compensation. Your attorney will take an agreed-upon percentage of your recovery. This percentage is often around 1/3 or 33%.
A contingency fee agreement means that an attorney receives payment only if a claim is decided in a client's favour. An attorney represents his or her client for as long as a case takes. The attorney carries the costs of engaging experts, as necessary, without charging an initial fee or the usual hourly rate.
A Contingency Fee Agreement is an agreement between a lawyer and client in which the lawyer's fee is contingent in whole or in part on the outcome of the matter for which the lawyer's services are to be provided.