Contingent Fee Agreement

What is a Contingent Fee Agreement?

A contingent fee agreement is a written contract signed by both the client and his or her lawyers.

How does my lawyer get paid under a Contingent Fee Agreement?

Under a contingent fee agreement, the lawyers are not paid until they recover funds for the client. Once funds are recovered, the lawyers take a percentage of the funds as payment for their legal services.

What if my lawyer fails to recover any funds for me?

Under a contingent fee agreement, if the lawyers fail to recover funds, the client does not owe them any legal fees for time spent working on the client’s case.

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