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LAW OFFICES OF JOHN P. LAWYER SUITE 100, 1000 MAIN STREET ATLANTA, GEORGIA 30000-0000 404-444-4444 CONTINGENT FEE CONTRACT (Addendum To Retainer Agreement) DATE: JOHN P. LAWYER (Attorney) (Client)
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A contingency fee agreement is a payment arrangement where a lawyer's fees are dependent on the outcome of a case. If the lawyer is successful in obtaining a favorable result for the client, they are entitled to a percentage of the settlement or award.
Lawyers and their clients are required to file a contingency fee agreement when working together on a case.
A contingency fee agreement should clearly outline the terms of the arrangement, including the percentage of the final settlement that the lawyer will receive, any expenses that will be deducted from the settlement, and the responsibilities of both the lawyer and the client.
The purpose of a contingency fee agreement is to provide access to legal representation for individuals who may not be able to afford upfront legal fees. It also incentivizes lawyers to work diligently on behalf of their clients in order to achieve a successful outcome.
A contingency fee agreement must include the names of the lawyer and the client, a description of the legal services to be provided, the contingency fee percentage, and the potential outcomes of the case.
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