Simple English definitions for legal terms
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A fee statement is a document that a lawyer provides to their client, detailing the fees for legal services that have been or will be provided. It usually includes a breakdown of expenses and charges.
John hired a lawyer to help him with a legal matter. After the lawyer completed the work, he sent John a fee statement that listed the services provided, the amount of time spent on each task, and the associated costs.
Another example could be a fee statement for a retainer agreement. A retainer is a sum of money paid in advance to secure the services of a lawyer. The fee statement would outline the terms of the retainer agreement, including the hourly rate, the amount of the retainer, and any expenses that will be billed separately.
These examples illustrate how a fee statement is used to provide transparency and clarity around legal fees and expenses.