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A Contingency Fee Agreement is a crucial document in Philippine legal practice, particularly utilized in cases where clients may not have the means to pay traditional hourly legal fees. This agreement type is commonly used in personal injury cases, insurance claims, collection matters, and other litigation where monetary recovery is sought. The document must comply with Philippine Rules of Court, the Code of Professional Responsibility, and relevant Supreme Court decisions that govern attorney-client fee arrangements. When drafting a Contingency Fee Agreement, special attention must be paid to local ethical guidelines, fee percentage limitations, and requirements for clarity in terms. The agreement should clearly outline the contingent nature of the fee, specify excluded costs, and detail the calculation method for the attorney's compensation upon successful recovery.

1. Parties: Identification of the Attorney/Law Firm and the Client with complete details

2. Background: Brief context of the legal matter and the reason for entering into a contingency fee arrangement

3. Definitions: Key terms used in the agreement including 'Recovery', 'Contingency Fee', 'Costs', and 'Net Recovery'

4. Scope of Legal Services: Detailed description of the legal services to be provided and the specific matter or case covered

5. Contingency Fee Structure: Clear statement of the percentage or calculation method for the contingency fee, including any sliding scale if applicable

6. Costs and Expenses: Explanation of how litigation costs and expenses will be handled, including whether they are deducted before or after calculating the contingency fee

7. Payment Terms: Specifics about when and how payment will be made upon successful recovery

8. Client's Rights and Obligations: Overview of the client's responsibilities and rights during the representation

9. Attorney's Rights and Obligations: Overview of the attorney's responsibilities and rights during the representation

10. Termination: Conditions and procedures for terminating the agreement, including fee calculations in case of early termination

11. Governing Law: Specification that the agreement is governed by Philippine law and reference to relevant regulations

12. Execution: Signature blocks and notarization requirements