New Mexico Contract to Employ Attorney on a Contingent Fee Basis with Retainer

• Category: Contracts - Attorney
• State: Multi-State
• Control #: US-0994BG
• Format: Word; Rich Text

Description

Contingency fees are an arrangement for payment for an attorney's services, in which the attorney is paid out of the recovery awarded to the client. Contingency fees are usually between a fourth and a third of the amount awarded. If the client doesn't recover, no fee is owed. Contingent fees are commonly arranged in personal injury cases and may allow persons to hire a lawyer when they could otherwise not afford to pay hourly rates. In some states the percentage (or the maximum percentage) that a lawyer may charge by way of a contingency fee is set by law. Contingent fees are not allowed in criminal matters and rarely permitted in family law cases. They are also referred to as contingent fees. A New Mexico Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legally binding agreement between a client and an attorney in the state of New Mexico. This contract outlines the terms and conditions of the attorney-client relationship, specifically focusing on the attorney's compensation, which is contingent upon the successful outcome of the case. Keywords: New Mexico, Contract, Employ Attorney, Contingent Fee Basis, Retainer. When hiring an attorney in New Mexico, clients have the option to enter into different types of contracts, each with its specific characteristics. Here are three common types of New Mexico contracts to employ an attorney on a contingent fee basis with a retainer: 1. Personal Injury Contract: In personal injury cases, clients may employ an attorney on a contingent fee basis with a retainer. This means that the attorney's fee is contingent upon successfully recovering compensation for the client. The retainer is a predetermined amount paid upfront, typically to cover initial expenses such as court fees or investigation costs. 2. Medical Malpractice Contract: Clients pursuing medical malpractice claims in New Mexico may also opt for a contract to employ an attorney on a contingent fee basis with a retainer. In these cases, the attorney's fee will be contingent upon proving that the healthcare professional's negligence caused harm or injury. 3. Employment Law Contract: Another variant is a New Mexico Contract to Employ an Attorney on a Contingent Fee Basis with a Retainer specifically designed for employment law cases. This contract may be used in cases involving wrongful termination, discrimination, or harassment. Similar to the other types, the attorney's fee is contingent upon a successful resolution of the case, and a retainer is paid upfront to cover initial costs. Regardless of the specific type of contract, a New Mexico Contract to Employ an Attorney on a Contingent Fee Basis with a Retainer covers essential elements such as the attorney's professional responsibilities, client obligations, payment terms, dispute resolution procedures, termination clauses, and confidentiality agreements. It is crucial for both the client and the attorney to thoroughly review and understand the contract before signing to ensure a transparent and mutually beneficial working relationship. By employing an attorney on a contingent fee basis with a retainer, clients in New Mexico have an opportunity to pursue legal remedies without the burden of upfront costs.

A New Mexico Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legally binding agreement between a client and an attorney in the state of New Mexico. This contract outlines the terms and conditions of the attorney-client relationship, specifically focusing on the attorney's compensation, which is contingent upon the successful outcome of the case. Keywords: New Mexico, Contract, Employ Attorney, Contingent Fee Basis, Retainer. When hiring an attorney in New Mexico, clients have the option to enter into different types of contracts, each with its specific characteristics. Here are three common types of New Mexico contracts to employ an attorney on a contingent fee basis with a retainer: 1. Personal Injury Contract: In personal injury cases, clients may employ an attorney on a contingent fee basis with a retainer. This means that the attorney's fee is contingent upon successfully recovering compensation for the client. The retainer is a predetermined amount paid upfront, typically to cover initial expenses such as court fees or investigation costs. 2. Medical Malpractice Contract: Clients pursuing medical malpractice claims in New Mexico may also opt for a contract to employ an attorney on a contingent fee basis with a retainer. In these cases, the attorney's fee will be contingent upon proving that the healthcare professional's negligence caused harm or injury. 3. Employment Law Contract: Another variant is a New Mexico Contract to Employ an Attorney on a Contingent Fee Basis with a Retainer specifically designed for employment law cases. This contract may be used in cases involving wrongful termination, discrimination, or harassment. Similar to the other types, the attorney's fee is contingent upon a successful resolution of the case, and a retainer is paid upfront to cover initial costs. Regardless of the specific type of contract, a New Mexico Contract to Employ an Attorney on a Contingent Fee Basis with a Retainer covers essential elements such as the attorney's professional responsibilities, client obligations, payment terms, dispute resolution procedures, termination clauses, and confidentiality agreements. It is crucial for both the client and the attorney to thoroughly review and understand the contract before signing to ensure a transparent and mutually beneficial working relationship. By employing an attorney on a contingent fee basis with a retainer, clients in New Mexico have an opportunity to pursue legal remedies without the burden of upfront costs.