Texas 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. A Texas Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement that outlines the terms and conditions between a client and an attorney in Texas for legal representation in a case. This type of contract is commonly used in personal injury cases or other types of litigation. Under a contingent fee contract, the attorney agrees to represent the client and will only be paid if the client successfully recovers monetary compensation or achieves a favorable outcome in the case. The attorney's fee is contingent upon the client's success and is typically a percentage of the amount recovered. In addition to the contingent fee, the contract may also include provisions for a retainer and hourly fee. The retainer is an upfront payment made by the client to secure the attorney's services and cover initial expenses. This amount is often non-refundable and is separate from the contingent fee. The hourly fee, on the other hand, allows the attorney to bill the client for the time spent on the case at an agreed-upon hourly rate. This fee structure is commonly used when the case involves complex legal issues or requires extensive research and preparation. It is important to note that if the attorney-client relationship is terminated before the case is resolved, different types of Texas Contingent Fee Contracts may come into play. These include: 1. Termination without Cause: If the client decides to terminate the attorney's services without any fault of the attorney, the contract may specify how the attorney should be compensated for the work done up to that point. This can include payment for hours worked or a percentage of the contingent fee based on the progress made in the case. 2. Termination with Cause: If the attorney breaches the contract or fails to meet the agreed-upon terms, the client may have the right to terminate the relationship without any further financial obligations. 3. Termination by Mutual Agreement: Both the client and the attorney may mutually decide to terminate the contract due to various factors such as a change in circumstances or a disagreement on case strategy. In such cases, the contract may outline the terms for compensation, including payment for work completed or a partial refund of the retainer. In conclusion, a Texas Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement that outlines the fee structure and terms of engagement between a client and an attorney. Different types of termination scenarios can be included in this contract, providing clarity on compensation and obligations in the event of a premature end to the attorney-client relationship.

A Texas Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement that outlines the terms and conditions between a client and an attorney in Texas for legal representation in a case. This type of contract is commonly used in personal injury cases or other types of litigation. Under a contingent fee contract, the attorney agrees to represent the client and will only be paid if the client successfully recovers monetary compensation or achieves a favorable outcome in the case. The attorney's fee is contingent upon the client's success and is typically a percentage of the amount recovered. In addition to the contingent fee, the contract may also include provisions for a retainer and hourly fee. The retainer is an upfront payment made by the client to secure the attorney's services and cover initial expenses. This amount is often non-refundable and is separate from the contingent fee. The hourly fee, on the other hand, allows the attorney to bill the client for the time spent on the case at an agreed-upon hourly rate. This fee structure is commonly used when the case involves complex legal issues or requires extensive research and preparation. It is important to note that if the attorney-client relationship is terminated before the case is resolved, different types of Texas Contingent Fee Contracts may come into play. These include: 1. Termination without Cause: If the client decides to terminate the attorney's services without any fault of the attorney, the contract may specify how the attorney should be compensated for the work done up to that point. This can include payment for hours worked or a percentage of the contingent fee based on the progress made in the case. 2. Termination with Cause: If the attorney breaches the contract or fails to meet the agreed-upon terms, the client may have the right to terminate the relationship without any further financial obligations. 3. Termination by Mutual Agreement: Both the client and the attorney may mutually decide to terminate the contract due to various factors such as a change in circumstances or a disagreement on case strategy. In such cases, the contract may outline the terms for compensation, including payment for work completed or a partial refund of the retainer. In conclusion, a Texas Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated is a legal agreement that outlines the fee structure and terms of engagement between a client and an attorney. Different types of termination scenarios can be included in this contract, providing clarity on compensation and obligations in the event of a premature end to the attorney-client relationship.