Contingency Fee Agreement
Definition
The written contract between you and your attorney that spells out the percentage they'll take from your settlement or verdict, plus how costs and expenses are handled.
Real-World MVA Example
Your agreement says the attorney gets 33% if the case settles before trial and 40% if it goes to verdict. It also states whether court filing fees come out of your share or theirs.
Related Terms in Attorney & Representation
Contingency Fee
A payment arrangement where your attorney only gets paid if you win your case. The fee is typically 33% of your settlement or verdict, and you pay nothing upfront.
Retainer
An upfront fee paid to hire an attorney. Most personal injury lawyers work on contingency instead, meaning no retainer is required and they only get paid if you win.
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