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LSDefine

Simple English definitions for legal terms

contingent

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A quick definition of contingent:

Contingent: Something that may or may not happen in the future, depending on something else that is uncertain. For example, if you promise to clean your room only if your friend comes over, that promise is contingent on your friend's visit. In legal terms, a contingent event is one that will only happen if a certain condition is met. The opposite of contingent is vested, which means something is definite and unconditional.

A more thorough explanation:

Definition: Contingent means that something may or may not happen in the future, depending on whether a certain condition is met. This term is often used in contracts where an event will only happen if a specific condition is fulfilled. The opposite of contingent is vested, which means that something is definite and unconditional.

  • Contingent ownership: A person may have contingent ownership of a property, which means they can only enjoy ownership if a certain condition is met. For example, if a person inherits a house but can only take ownership if they get married within a year.
  • Contingent legacy: A person may leave a contingent legacy in their will, which means the inheritance can only be received if a certain condition is met. For example, if a person leaves money to their grandchild but only if the grandchild graduates from college.
  • Contingent fee: An attorney may work on a contingent fee basis, which means they only get paid if they win the case or achieve a specific result. For example, an attorney may only get paid if they win a lawsuit for their client.

These examples illustrate how contingent means that something is dependent on a specific condition being met. In each case, the outcome is uncertain until the condition is fulfilled. This uncertainty is what makes something contingent rather than vested.

contingency fee | contingent annuity

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babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
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