Official Attorney Contingency Fee Agreement Template:
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The meaning behind working on “contingency” seems complicated, but it’s relatively simple: get paid if (and only if) there is a positive, agreed-upon outcome. But why would this be beneficial for the working party — especially when there’s a chance for zero cash? Well, there are a few reasons — the biggest one being the payout.
Contracts made on contingency are most often seen in the world of law. In some cases, attorneys may take a case on contingency, whereby if they don’t win the case, they do not get paid. But if they do win, they do get paid. And they get paid a lot.
Want to know more about contingency contracts? Watch the video for more information, and head to the link above when you’re ready to make an official contract.
Free Version:
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DISCLAIMER: This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
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0:00 Intro:
0:17 Contingency Fee In Law:
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