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Conditional Fee Agreement
"I need a Conditional Fee Agreement under Dutch law for a commercial litigation case, with a 20% base fee and 15% success fee arrangement, to be effective from March 1, 2025, including provisions for third-party litigation funding."
1. Parties: Identification of the law firm and the client, including full legal names, addresses, and registration details
2. Background: Context of the legal matter, including brief description of the case and reason for choosing a conditional fee arrangement
3. Definitions: Definitions of key terms used in the agreement, including 'Success', 'Base Fee', 'Success Fee', and 'Costs'
4. Scope of Services: Detailed description of legal services to be provided, including any limitations
5. Fee Structure: Explanation of the conditional fee arrangement, including base fees, success fees, and calculation methods
6. Success Criteria: Clear definition of what constitutes 'success' for the purpose of triggering success fees
7. Payment Terms: Terms and timing of payments, including handling of disbursements and third-party costs
8. Client Responsibilities: Client's obligations including providing information, cooperation, and maintaining confidentiality
9. Termination: Circumstances under which the agreement can be terminated and the consequences
10. Governing Law and Jurisdiction: Confirmation of Dutch law application and jurisdiction for disputes
1. Alternative Dispute Resolution: Section on mediation or arbitration procedures, recommended for high-value cases
2. Insurance Arrangements: Details of any legal expenses insurance, required if client has insurance coverage
3. Third Party Funding: Terms related to external funding, necessary if litigation funding is involved
4. Interim Billing Arrangements: Details of any interim billing structure, useful for long-running cases
5. Client Care: Additional client care provisions, recommended for consumer clients
6. Complaints Procedure: Detailed complaints handling process, recommended for consumer clients
7. File Retention: Specifics about document retention, recommended for complex cases
1. Schedule 1 - Fee Calculation: Detailed breakdown of base fees, success fees, and calculation examples
2. Schedule 2 - Scope of Work: Detailed description of the legal work to be undertaken
3. Schedule 3 - Team Members: List of lawyers and their hourly rates who will work on the case
4. Schedule 4 - Disbursements: List of anticipated disbursements and how they will be handled
5. Appendix A - Client Care Letter: Standard client care information as required by Dutch Bar Association
6. Appendix B - Risk Assessment: Assessment of case risks and likelihood of success
Authors
Legal Services
Insurance
Financial Services
Professional Services
Healthcare
Construction
Manufacturing
Technology
Real Estate
Energy
Transportation
Retail
Legal
Finance
Compliance
Risk Management
Operations
Business Development
Claims
Dispute Resolution
Corporate Affairs
Procurement
General Counsel
Legal Director
Chief Legal Officer
Head of Legal
Legal Operations Manager
Compliance Officer
Risk Manager
Chief Financial Officer
Finance Director
Contract Manager
Business Development Director
Claims Manager
Litigation Manager
Partner (Law Firm)
Senior Associate
Legal Project Manager
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