Contingency Fee Law In Oklahoma In Utah

• Category: Attorneys - Fee Agreements
• State: Multi-State
• Control #: US-00442BG
• Format: Word; Rich Text

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the legal and financial relationship between a client and their attorneys regarding the pursuit of a claim, specifically wrongful termination claims. This agreement stipulates that the client will pay the attorneys a percentage of any recovery achieved, with different rates depending on whether the case is settled out of court, goes to trial, or involves an appeal. Clients are also responsible for reasonable costs and other expenses incurred during the process, which may be billed periodically. Importantly, the attorneys maintain a lien on any recovery to secure payment for their fees and expenses. The document includes provisions for employing experts, associate counsel, and powers of attorney to handle necessary legal documents. The agreement specifies that attorneys may withdraw from representation with notice but still retain rights to fees if the client causes a settlement without their consent. This form serves as an essential tool for attorneys, partners, owners, associates, paralegals, and legal assistants in managing client expectations, financial arrangements, and the legal strategy surrounding contingent-fee cases, ensuring both compliance and transparency throughout the legal process.