Model Explanation of Contingent Fee AgreementThis is an explanation of your Contingent Fee Agreement with us. Please read it and sign it before you sign the Agreement.
The Contingent Fee Agreement says:
1. We agree to handle your case.2. If we handle your case to completion and do not recover any money for you, you do not have to pay us for our services.3. If we handle your case to completion and recover some money for you, you must pay us for our services. Our fee will be a percentage of what we recover for you. The percentage is set forth in the Contingent Fee Agreement.4. If we advance money for filing fees, witness fees, doctors' reports, courtreporters' services or other expenses on your behalf (lawyers selects one): you must repay us whether the case is won or lost;or you must repay us only if we recover money for you; or you do not need to repay us regardless of the outcome of your case. 5. You may cancel the Contingent Fee Agreement by notifying us in writing within 24 hours after you sign it.6. If you cancel the agreement within the 24-hour period, you will have no obligation to us. I have read the foregoing explanation before signing a Contingent Fee Agreement with_____________________________________.
(Name of Lawyer or Firm)
_________________________
Client's Signature
______________________
Date
Revised effective 2/22/2013.