Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated

• Category: Contracts - Attorney
• State: Multi-State
• Control #: US-0999BG
• 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. The Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement entered into between a client and an attorney in the state of Oklahoma. This contract outlines the terms and conditions under which the attorney agrees to represent the client on a contingency fee basis, meaning that the attorney's fees will be contingent upon the successful outcome of the case. In addition to the contingency fee arrangement, this type of contract may also include provisions for a retainer fee and an hourly fee in the event that the attorney-client relationship is terminated before the completion of the case. These additional fees may provide compensation for the attorney's time and effort already expended on the client's behalf, as well as any costs incurred during the representation. There are different types of Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated that may exist, depending on the specific terms negotiated between the client and the attorney. These may include: 1. Standard Contingent Fee Contract with Retainer and Hourly Fee: This is the most common type of contract, where the attorney agrees to work on a contingency basis and may also require a retainer fee upfront. If the representation is terminated, the attorney may also charge an hourly fee for the work already performed. 2. Limited Scope Contingent Fee Contract with Retainer and Hourly Fee: This type of contract is more specific in its scope of representation. The attorney and client agree on specific tasks or services that will be provided on a contingency basis, while the retainer fee and hourly fee apply to any additional work outside the agreed-upon scope. 3. Modified Contingent Fee Contract with Retainer and Hourly Fee: In certain cases, the client and attorney may modify the standard terms of the contract to better suit their needs. This could involve adjusting the percentage for the contingency fee, the amount of the retainer fee, or the hourly fee structure. It is important for both the client and the attorney to carefully review and understand the terms and conditions specified in the Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated before entering into the agreement. Consulting with a legal professional is highly recommended ensuring compliance with applicable laws and to determine the most suitable type of contract for their specific case.

The Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement entered into between a client and an attorney in the state of Oklahoma. This contract outlines the terms and conditions under which the attorney agrees to represent the client on a contingency fee basis, meaning that the attorney's fees will be contingent upon the successful outcome of the case. In addition to the contingency fee arrangement, this type of contract may also include provisions for a retainer fee and an hourly fee in the event that the attorney-client relationship is terminated before the completion of the case. These additional fees may provide compensation for the attorney's time and effort already expended on the client's behalf, as well as any costs incurred during the representation. There are different types of Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated that may exist, depending on the specific terms negotiated between the client and the attorney. These may include: 1. Standard Contingent Fee Contract with Retainer and Hourly Fee: This is the most common type of contract, where the attorney agrees to work on a contingency basis and may also require a retainer fee upfront. If the representation is terminated, the attorney may also charge an hourly fee for the work already performed. 2. Limited Scope Contingent Fee Contract with Retainer and Hourly Fee: This type of contract is more specific in its scope of representation. The attorney and client agree on specific tasks or services that will be provided on a contingency basis, while the retainer fee and hourly fee apply to any additional work outside the agreed-upon scope. 3. Modified Contingent Fee Contract with Retainer and Hourly Fee: In certain cases, the client and attorney may modify the standard terms of the contract to better suit their needs. This could involve adjusting the percentage for the contingency fee, the amount of the retainer fee, or the hourly fee structure. It is important for both the client and the attorney to carefully review and understand the terms and conditions specified in the Oklahoma Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated before entering into the agreement. Consulting with a legal professional is highly recommended ensuring compliance with applicable laws and to determine the most suitable type of contract for their specific case.