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Retainer And Contingency Fee Agreement
"I need a Retainer and Contingency Fee Agreement for our Netherlands-based technology company that covers both regular corporate legal services and potential litigation matters, with a monthly retainer of €5,000 and a 20% contingency fee for successful litigation outcomes."
1. Parties: Identification of the attorney/law firm and the client, including full legal names, addresses, and registration details
2. Background: Context of the legal representation and reason for entering into the agreement
3. Definitions: Key terms used throughout the agreement, including 'Retainer Fee', 'Contingency Fee', 'Success', and 'Recoverable Amount'
4. Scope of Services: Detailed description of legal services to be provided and any limitations
5. Retainer Fee Structure: Details of the regular retainer payment, including amount, frequency, and covered services
6. Contingency Fee Arrangement: Specification of the contingency fee percentage, calculation method, and conditions for payment
7. Payment Terms: Timeline and methods for payment, including handling of costs and disbursements
8. Client Responsibilities: Client's obligations regarding cooperation, information provision, and payment
9. Attorney Responsibilities: Professional obligations, communication commitments, and service standards
10. Termination: Conditions and procedures for ending the agreement by either party
11. Confidentiality: Obligations regarding client information and professional secrecy
12. Governing Law and Jurisdiction: Specification of Dutch law application and jurisdiction for disputes
1. Multiple Party Provisions: Required when representing multiple clients in the same matter, defining shared responsibilities and conflict provisions
2. International Elements: Needed when the case involves cross-border elements or foreign jurisdictions
3. Third-Party Funding: Required when external litigation funding is involved in the case
4. Special Fee Arrangements: Used when incorporating alternative fee structures beyond the basic retainer and contingency
5. Conflict Resolution: Optional detailed dispute resolution procedures beyond standard court jurisdiction
6. Insurance Provisions: Required when legal expenses insurance is involved in covering fees
7. Assignment and Delegation: Needed when the possibility of transferring rights or obligations needs to be addressed
1. Schedule A - Fee Calculation: Detailed breakdown of retainer amounts, contingency percentages, and calculation examples
2. Schedule B - Scope of Work: Detailed description of included and excluded services
3. Schedule C - Expense Categories: List of billable and non-billable expenses and their handling
4. Schedule D - Team Members: List of attorneys and staff assigned to the matter with their roles and rates
5. Appendix 1 - Client Information Form: Required client details and documentation for compliance with Wwft and GDPR
6. Appendix 2 - Terms and Conditions: Standard terms and conditions of the law firm
7. Appendix 3 - Complaints Procedure: Mandatory information about the firm's complaints handling process
Authors
Legal Services
Professional Services
Insurance
Banking and Finance
Real Estate
Construction
Manufacturing
Technology
Healthcare
Energy
Transportation
Retail
Telecommunications
Legal
Compliance
Finance
Operations
Risk Management
Corporate Secretariat
Executive Management
Administration
Procurement
General Counsel
Legal Director
Chief Legal Officer
Head of Legal
Corporate Secretary
Compliance Officer
Risk Manager
Chief Financial Officer
Managing Director
Chief Executive Officer
Operations Director
Contract Manager
Legal Operations Manager
Finance Director
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