Kentucky 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 Kentucky Agreement between Attorney and Client to Collect a Judgment is a legal document that outlines the terms and conditions under which an attorney and their client will work together to recover a judgment amount. This agreement is crucial in ensuring that both parties understand their roles, responsibilities, and the fee arrangement involved in the judgment collection process. In Kentucky, there are different types of agreements between an attorney and their client to collect a judgment. These agreements may include: 1. Contingency Fee Agreement: This type of agreement states that the attorney's fee will be based on a percentage of the amount recovered from the judgment. The attorney will only receive payment if they successfully recover the judgment, incentivizing them to work diligently on behalf of their client. 2. Hourly Fee Agreement: Some attorneys may prefer to charge their clients based on an hourly fee arrangement. In this case, the client pays the attorney for the time spent on the judgment collection process, regardless of whether the judgment is successfully recovered or not. 3. Flat Fee Agreement: Similar to the hourly fee agreement, a flat fee agreement specifies a fixed amount that the client will pay the attorney for handling the judgment collection case. This fee does not depend on the amount recovered and remains constant regardless of the outcome. 4. Hybrid Agreement: In certain situations, attorneys and their clients may agree to a combination of a contingency fee and an hourly fee structure. This allows the attorney to receive a base fee for their services and an additional percentage of the recovered judgment in case of a successful outcome. In a Kentucky Agreement between Attorney and Client to Collect a Judgment, there are several key elements that should be included: 1. Identification of the parties involved, including the attorney's name, contact information, and the client's name or entity. 2. Scope of services: Clearly state the specific services the attorney will provide to the client in the judgment collection process, such as asset investigation, legal representation, negotiation, or court proceedings. 3. Fee arrangement: Clearly define how the attorney will be compensated for their services, whether it be on a contingency fee basis, hourly fee basis, flat fee basis, or a hybrid agreement. 4. Duration of the agreement: Specify the timeframe during which the attorney will represent the client in the judgment collection process. 5. Termination clause: Include provisions outlining the circumstances under which either party can terminate the agreement, such as non-payment of fees or failure to cooperate. 6. Responsibilities of both parties: Outline the roles and responsibilities of the attorney and the client in the judgment collection process. This may include providing necessary documents, information, or assistance. 7. Confidentiality clause: Include provisions to protect the confidentiality of client information and attorney-client privilege. 8. Dispute resolution: Specify the mechanism for resolving any potential disputes that may arise during the course of the agreement, such as mediation or arbitration. It is important to consult with a qualified attorney to draft a Kentucky Agreement between Attorney and Client to Collect a Judgment, as the specifics may vary based on the unique circumstances of each case.