There are various types of attorney fee arrangements such as time based, fixed, or contingent. Time based means a fee that is determined by the amount of time involved, such as so much per hour, day or week. Fixed means a fee that is based on an agreed amount, regardless of the time or effort involved or the result obtained. Contingent means a certain agreed percentage or amount that is payable only upon attaining a recovery, regardless of the time or effort involved.
With a contingent fee arrangement, the lawyer receives no fee unless money is recovered for the client. Upon recovery, the lawyer is paid an agreed-upon percentage, usually ranging from an amount equal to 25 to 50 percent of the amount recovered. A written fee agreement should specify the costs and expenses to be deducted and whether such costs and expenses are to be deducted before or after the contingent fee is calculated. Contingent fee agreements are generally not permitted for criminal cases or domestic relations matters.
Even if there is no recovery, however, the client is still responsible for court costs (filing fees, subpoena fees, etc.) and related expenses, such as telephone charges, investigators' fees, medical reports, and other costs.
This form is a fairly typical contingent fee agreement
What is Guam Contingency Fee Agreement with an Attorney or Law Firm? A Guam Contingency Fee Agreement with an Attorney or Law Firm is a contractual arrangement between a client and their legal representative that allows the attorney or law firm to be compensated based on a percentage of the monetary recovery obtained in a legal matter. This type of agreement is commonly used when the client cannot afford to pay the attorney's fees upfront or prefers to only pay if the case is successful. Keywords: Guam, Contingency Fee Agreement, Attorney, Law Firm, contractual arrangement, compensation, percentage, monetary recovery, legal matter, attorney's fees. Types of Guam Contingency Fee Agreements with an Attorney or Law Firm: 1. Civil Litigation Contingency Fee Agreement: This type of agreement applies to civil cases, such as personal injury claims, medical malpractice lawsuits, product liability cases, or employment disputes. The attorney or law firm will only receive payment if they successfully obtain a settlement or judgment in favor of the client. 2. Criminal Defense Contingency Fee Agreement: In certain criminal cases, an attorney or law firm may offer a contingency fee arrangement, usually in cases involving white-collar crimes or complex defense strategies. The attorney's fee will be contingent on achieving a favorable outcome, such as a dismissal, acquittal, or reduction of charges. 3. Matrimonial Contingency Fee Agreement: For divorce or family law matters, some attorneys or law firms in Guam may be willing to work on a contingency fee basis. This agreement may be applicable for alimony or child custody cases, where the attorney's fees will be based on a portion of the financial settlement or support awarded to the client. 4. Business Litigation Contingency Fee Agreement: When businesses face legal disputes such as breach of contract, unfair competition claims, or intellectual property infringement, they may opt for a contingency fee agreement with their attorney or law firm. The legal fees will be contingent upon successfully recovering damages or securing a favorable resolution for the business. Keywords: Civil Litigation, Criminal Defense, Matrimonial, Business Litigation, Divorce, Family Law, Breach of Contract, Unfair Competition, Intellectual Property, Alimony, Child Custody, Disputes. In summary, a Guam Contingency Fee Agreement with an Attorney or Law Firm allows clients to engage legal representation without upfront costs and compensates attorneys or law firms only if they achieve a positive outcome. This arrangement can apply to various legal matters, including civil litigation, criminal defense, matrimonial cases, and business disputes.What is Guam Contingency Fee Agreement with an Attorney or Law Firm? A Guam Contingency Fee Agreement with an Attorney or Law Firm is a contractual arrangement between a client and their legal representative that allows the attorney or law firm to be compensated based on a percentage of the monetary recovery obtained in a legal matter. This type of agreement is commonly used when the client cannot afford to pay the attorney's fees upfront or prefers to only pay if the case is successful. Keywords: Guam, Contingency Fee Agreement, Attorney, Law Firm, contractual arrangement, compensation, percentage, monetary recovery, legal matter, attorney's fees. Types of Guam Contingency Fee Agreements with an Attorney or Law Firm: 1. Civil Litigation Contingency Fee Agreement: This type of agreement applies to civil cases, such as personal injury claims, medical malpractice lawsuits, product liability cases, or employment disputes. The attorney or law firm will only receive payment if they successfully obtain a settlement or judgment in favor of the client. 2. Criminal Defense Contingency Fee Agreement: In certain criminal cases, an attorney or law firm may offer a contingency fee arrangement, usually in cases involving white-collar crimes or complex defense strategies. The attorney's fee will be contingent on achieving a favorable outcome, such as a dismissal, acquittal, or reduction of charges. 3. Matrimonial Contingency Fee Agreement: For divorce or family law matters, some attorneys or law firms in Guam may be willing to work on a contingency fee basis. This agreement may be applicable for alimony or child custody cases, where the attorney's fees will be based on a portion of the financial settlement or support awarded to the client. 4. Business Litigation Contingency Fee Agreement: When businesses face legal disputes such as breach of contract, unfair competition claims, or intellectual property infringement, they may opt for a contingency fee agreement with their attorney or law firm. The legal fees will be contingent upon successfully recovering damages or securing a favorable resolution for the business. Keywords: Civil Litigation, Criminal Defense, Matrimonial, Business Litigation, Divorce, Family Law, Breach of Contract, Unfair Competition, Intellectual Property, Alimony, Child Custody, Disputes. In summary, a Guam Contingency Fee Agreement with an Attorney or Law Firm allows clients to engage legal representation without upfront costs and compensates attorneys or law firms only if they achieve a positive outcome. This arrangement can apply to various legal matters, including civil litigation, criminal defense, matrimonial cases, and business disputes.
