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Contingency Fee Agreement
"I need a Contingency Fee Agreement for a corporate client in Karachi, Pakistan, where our law firm will handle their intellectual property infringement case for a 25% contingency fee, with the agreement starting from January 15, 2025."
1. Parties: Identification of the lawyer/law firm and the client with complete details
2. Background: Context of the legal matter and circumstances leading to the agreement
3. Definitions: Key terms used in the agreement including 'Recovery Amount', 'Contingency Fee', 'Costs', and 'Legal Proceedings'
4. Scope of Services: Detailed description of legal services to be provided and the specific matter being handled
5. Contingency Fee Structure: Specification of the percentage fee and how it will be calculated from the recovery amount
6. Costs and Expenses: Details of how litigation costs and expenses will be handled and which party bears responsibility
7. Payment Terms: Timing and method of fee payment upon successful recovery
8. Client's Obligations: Client's responsibilities including providing information and cooperating with the lawyer
9. Lawyer's Obligations: Professional commitments and responsibilities of the lawyer
10. Termination: Circumstances under which either party may terminate the agreement and the consequences
11. Governing Law: Specification that Pakistan law governs the agreement
12. Dispute Resolution: Process for resolving any disputes between lawyer and client
13. Entire Agreement: Standard clause confirming this document represents the complete agreement between parties
1. No Guarantee of Outcome: Optional disclaimer section emphasizing that the lawyer cannot guarantee success - recommended for risk management
2. Alternative Fee Arrangements: Section describing alternative fee structures if case resolves differently than anticipated
3. Referral Arrangements: Required if another lawyer or firm will be involved in handling the case
4. Multiple Clients: Required when representing multiple clients in the same matter
5. Conflict of Interest: Optional section addressing any potential conflicts and how they will be handled
6. Insurance Coverage: Optional section regarding any relevant insurance coverage affecting the case
7. Power of Attorney: Optional section granting specific powers to the lawyer - used in certain types of cases
1. Schedule A - Fee Calculation Examples: Examples showing how the contingency fee will be calculated in different scenarios
2. Schedule B - Scope of Services Detail: Detailed breakdown of specific services included and excluded
3. Schedule C - Cost Schedule: Itemized list of potential costs and expenses that may be incurred
4. Appendix 1 - Client Documents: List of documents provided by client relevant to the case
5. Appendix 2 - Power of Attorney Form: Standard power of attorney form if required for the case
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