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Partial Contingency Fee Agreement
"Need a Partial Contingency Fee Agreement for our Singapore law firm that sets a 60% base fee with a 40% success fee contingent on achieving damages above $2 million in a commercial dispute commencing March 2025."
1. Parties: Identification of the law firm and client, including full legal names and addresses
2. Background: Context of the legal matter, reason for engagement, and reference to relevant legislation allowing conditional fee arrangements
3. Definitions: Key terms including 'success criteria', 'conditional fee', 'base fees', 'uplift fee', and other relevant terminology
4. Scope of Services: Detailed description of legal services to be provided, including specific proceedings covered under the agreement
5. Fee Structure: Base fees, conditional fee arrangements, calculation methods, and maximum uplift specifications
6. Payment Terms: Timeline and method of payment, including conditions for success fees and disbursements
7. Client Obligations: Client's responsibilities, duties, and disclosure obligations
8. Termination: Conditions and process for ending the agreement, including consequences for fees
1. Conflict Resolution: Procedures for resolving disputes between the law firm and client regarding the agreement
2. Insurance: Professional indemnity coverage details and limitations
3. Third Party Rights: Rights of other parties affected by the agreement and their relationships
1. Fee Schedule: Detailed breakdown of fee structure, calculations, and examples of fee scenarios
2. Scope of Work: Comprehensive outline of services, deliverables, and excluded services
3. Client Care Letter: Standard terms and conditions of engagement as required by Singapore law
4. Risk Assessment: Analysis of case prospects, potential outcomes, and associated risks
Authors
Base Fees
Success Fee
Uplift
Permitted Proceedings
Success
Success Criteria
Legal Costs
Disbursements
Services
Matter
Effective Date
Termination Date
Client
Law Practice
Lead Solicitor
Cooling-off Period
Conditional Fee Agreement
Claim
Court
Dispute
Judgment
Settlement
Costs Order
Professional Fees
Recovery
Proceedings
Fee Structure
Success Criteria
Payment Terms
Disbursements
Client Obligations
Law Firm Obligations
Confidentiality
Conflicts of Interest
Termination
Client Money
Record Keeping
Professional Indemnity
Cooling-off Rights
Assignment
Entire Agreement
Amendments
Severability
Force Majeure
Notices
Governing Law
Dispute Resolution
Client Communications
File Retention
Anti-Money Laundering
Data Protection
Third Party Rights
Calculation of Success Fee
Risk Assessment
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