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Partial Contingency Fee Agreement Template for Singapore

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Key Requirements PROMPT example:

Partial Contingency Fee Agreement

"Need a Partial Contingency Fee Agreement for our Singapore law firm that sets a 60% base fee with a 40% success fee contingent on achieving damages above $2 million in a commercial dispute commencing March 2025."

Document background
The Partial Contingency Fee Agreement has become increasingly relevant in Singapore following legislative changes in 2022 that permit conditional fee arrangements. This document is typically used when clients seek to align legal costs with case outcomes while maintaining some predictability in expenses. It specifically details the base fee structure, success criteria, additional fee calculations, and payment terms. The agreement ensures compliance with Singapore's Legal Profession (Conditional Fee Agreement) Regulations 2022 while providing flexibility in fee arrangements for both law firms and clients.
Suggested Sections

1. Parties: Identification of the law firm and client, including full legal names and addresses

2. Background: Context of the legal matter, reason for engagement, and reference to relevant legislation allowing conditional fee arrangements

3. Definitions: Key terms including 'success criteria', 'conditional fee', 'base fees', 'uplift fee', and other relevant terminology

4. Scope of Services: Detailed description of legal services to be provided, including specific proceedings covered under the agreement

5. Fee Structure: Base fees, conditional fee arrangements, calculation methods, and maximum uplift specifications

6. Payment Terms: Timeline and method of payment, including conditions for success fees and disbursements

7. Client Obligations: Client's responsibilities, duties, and disclosure obligations

8. Termination: Conditions and process for ending the agreement, including consequences for fees

Optional Sections

1. Conflict Resolution: Procedures for resolving disputes between the law firm and client regarding the agreement

2. Insurance: Professional indemnity coverage details and limitations

3. Third Party Rights: Rights of other parties affected by the agreement and their relationships

Suggested Schedules

1. Fee Schedule: Detailed breakdown of fee structure, calculations, and examples of fee scenarios

2. Scope of Work: Comprehensive outline of services, deliverables, and excluded services

3. Client Care Letter: Standard terms and conditions of engagement as required by Singapore law

4. Risk Assessment: Analysis of case prospects, potential outcomes, and associated risks

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Legal Profession Act 1966: Primary legislation governing legal practice in Singapore, specifically Section 107(1)(b) regarding contingency fee arrangements and recent 2022 amendments permitting conditional fee agreements (CFAs) in specific proceedings

Legal Profession (Conditional Fee Agreement) Regulations 2022: Subsidiary legislation that defines scope, limitations, and requirements for conditional fee arrangements, including mandatory terms and disclosures for valid agreements

Rules of Court 2021: Procedural rules containing provisions regarding costs, fee arrangements, and court disclosure requirements relevant to contingency fee agreements

Legal Profession (Professional Conduct) Rules: Regulatory framework outlining ethical obligations, fee transparency requirements, and client communication standards for lawyers entering into fee arrangements

Success Conditions Requirements: Mandatory provisions defining clear success criteria and outcomes that trigger contingency fee payments

Fee Structure Components: Requirements for clearly separating and defining upfront fee structure versus success fee components in the agreement

Client Protection Provisions: Mandatory safeguards including cooling-off periods and disclosure obligations to protect client interests in contingency fee arrangements

Termination Clauses: Required provisions specifying conditions and procedures for terminating the contingency fee agreement

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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