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

• Category: Contracts - Attorney
• State: Multi-State
• County: Pima
• 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. Lima, Arizona Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated A Lima, Arizona contingent fee contract, also known as a contingency fee agreement, is a legally binding contract between a client and an attorney. This type of agreement is commonly used in personal injury and other civil cases, where the attorney's fee is based on a percentage of the client's recovery. However, in certain situations, the representation may be terminated before the case reaches a conclusion. It is important to understand the different types of Lima, Arizona contingent fee contracts that may include a retainer and hourly fee provision in case the representation is terminated. 1. Contingent Fee Contract with No Retainer: This type of contract entails that the attorney will only receive a fee if they successfully obtain a recovery or settlement for the client. In the event that the attorney is unable to secure compensation, no fee will be charged. However, if the representation is terminated before the case concludes, the attorney may not be entitled to any compensation. 2. Contingent Fee Contract with Retainer: In this arrangement, the client pays a retainer fee upfront to secure the attorney's services. This retainer fee is typically non-refundable, but will be applied towards the attorney's fee if the case is successful. If the representation is terminated before completion, the attorney may be entitled to retain the portion of the retainer corresponding to the work completed up to that point. 3. Contingent Fee Contract with Hourly Fee: This type of contract involves a combination of a contingency fee and an hourly fee. The attorney charges the client on an hourly basis for the work performed, regardless of the outcome of the case. If there is a successful recovery or settlement, the attorney will also receive a percentage of the final award. In the event that the representation is terminated, the attorney may be entitled to compensation for the hours worked based on the hourly fee arrangement. It is crucial for clients to carefully review and understand the terms of a Lima, Arizona contingent fee contract before engaging an attorney. Additionally, it is advisable to consult with legal professionals to ensure a clear understanding of the specific terms and conditions surrounding the contingent fee, retainer, and hourly fee provisions in case the representation is terminated.

Lima, Arizona Contingent Fee Contract to Employ Attorney with Retainer and Hourly Fee in Case Representation is Terminated A Lima, Arizona contingent fee contract, also known as a contingency fee agreement, is a legally binding contract between a client and an attorney. This type of agreement is commonly used in personal injury and other civil cases, where the attorney's fee is based on a percentage of the client's recovery. However, in certain situations, the representation may be terminated before the case reaches a conclusion. It is important to understand the different types of Lima, Arizona contingent fee contracts that may include a retainer and hourly fee provision in case the representation is terminated. 1. Contingent Fee Contract with No Retainer: This type of contract entails that the attorney will only receive a fee if they successfully obtain a recovery or settlement for the client. In the event that the attorney is unable to secure compensation, no fee will be charged. However, if the representation is terminated before the case concludes, the attorney may not be entitled to any compensation. 2. Contingent Fee Contract with Retainer: In this arrangement, the client pays a retainer fee upfront to secure the attorney's services. This retainer fee is typically non-refundable, but will be applied towards the attorney's fee if the case is successful. If the representation is terminated before completion, the attorney may be entitled to retain the portion of the retainer corresponding to the work completed up to that point. 3. Contingent Fee Contract with Hourly Fee: This type of contract involves a combination of a contingency fee and an hourly fee. The attorney charges the client on an hourly basis for the work performed, regardless of the outcome of the case. If there is a successful recovery or settlement, the attorney will also receive a percentage of the final award. In the event that the representation is terminated, the attorney may be entitled to compensation for the hours worked based on the hourly fee arrangement. It is crucial for clients to carefully review and understand the terms of a Lima, Arizona contingent fee contract before engaging an attorney. Additionally, it is advisable to consult with legal professionals to ensure a clear understanding of the specific terms and conditions surrounding the contingent fee, retainer, and hourly fee provisions in case the representation is terminated.