Definitions from the Web
Contingency Fee
Description:
A contingency fee refers to the method of payment used by lawyers or attorneys, where they receive a percentage of the client's settlement or successful outcome in a legal case. The fee is contingent on the lawyer winning the case or reaching a favorable settlement for the client.
Senses and Usages:
- Noun: In legal practice, a contingency fee is an arrangement commonly used to provide access to legal representation, especially in personal injury or insurance claims.
- Noun: The amount or percentage agreed upon as the contingency fee varies depending on the complexity of the case and the lawyer's experience.
- Adjective: Contingency fee cases can help individuals who cannot afford legal services upfront to pursue their claims and receive fair compensation.
- Adjective: The contingency fee model allows attorneys to take on cases on behalf of clients without the need for immediate payment, ensuring access to legal justice for all.
Sample Sentences:
- The lawyer represented the injured party on a contingency fee basis, taking a percentage of the final settlement as payment.
- When hiring a personal injury attorney, it's crucial to discuss the contingency fee arrangement upfront to avoid any misunderstandings regarding the lawyer's percentage.
- They decided to pursue the case using a contingency fee agreement since they couldn't afford the attorney's hourly rate.
- The defendant's lawyer argued against the contingency fee, claiming it would encourage frivolous lawsuits.
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