What Is A Contingent Fee Agreement?
A contingent fee agreement is an agreement where you pay your lawyer out of the settlement proceeds rather than paying up front. The fee is calculated as a percentage of the settlement or judgment you receive. Now, there are exceptions to the “no win, no fee” nature of a contingent fee agreement. And even if you don’t have to pay attorney’s fees, you might have to pay for the costs of pursuing your case.
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