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LSDefine

Simple English definitions for legal terms

contingent fee

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A quick definition of contingent fee:

A contingent fee is a way that lawyers get paid for their work. Instead of charging a fixed amount of money for their time, they get a percentage of the money their client wins in a lawsuit. This is common in cases where someone is hurt and wants to sue for money. The lawyer gets paid only if they win the case. The client may still have to pay some costs, like filing fees, even if they don't win. The lawyer has to write down the agreement with the client and tell them about any costs they might have to pay. Contingent fees are not allowed in some types of cases, like divorce or criminal cases. Some people like contingent fees because they can afford to sue when they wouldn't be able to pay a lawyer up front. Others don't like them because they think they encourage too many lawsuits or make lawyers settle cases too quickly.

A more thorough explanation:

A contingent fee is a way for lawyers to get paid for their services. Instead of charging a fixed hourly rate, a lawyer who works on contingency gets a percentage of their client's monetary award. This means that if the client doesn't win the case, the lawyer doesn't get paid.

Contingency fees are common in personal injury cases. For example, if someone is injured in a car accident and hires a lawyer on contingency, the lawyer might receive 33% of the amount the client is awarded in court.

However, there are rules that lawyers must follow when working on contingency. The agreement between the lawyer and client must be in writing and signed by the client. The agreement must also state how the fee will be determined and any expenses the client will be responsible for.

Some people think that contingency fees are good because they allow people who can't afford a lawyer to get one. They also give lawyers an extra incentive to win the case. However, others think that contingency fees encourage too many frivolous lawsuits and that the fees are often too high.

For example, if someone is injured in a slip and fall accident and hires a lawyer on contingency, the lawyer might receive a percentage of the amount the client is awarded in court. If the client doesn't win the case, the lawyer doesn't get paid.

Overall, a contingent fee is a way for lawyers to get paid for their services based on the outcome of a case. It can be a good option for clients who can't afford a lawyer, but it's important to understand the rules and potential drawbacks.

contingent beneficiary | contingent interest

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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