Conditional Fee Agreement (Discounted)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
💼 Conditional fee agreementBusiness activity
Create a CFAA conditional fee agreement is a contract between a lawyer and their client that states that the lawyer will only receive a fee if the case is won. If the case is lost, the lawyer does not receive a fee. These agreements are typically used in personal injury cases.
Under this agreement, the solicitor agrees to take on the client's case on a conditional fee basis, meaning that their fee is contingent upon the successful outcome of the case. If the client wins the case, the solicitor is entitled to a pre-agreed percentage of the compensation awarded to the client as payment for their services. However, if the client loses the case, the solicitor agrees to waive their fee entirely or provide a heavily discounted rate.
This template agreement also outlines various additional terms and conditions, such as the scope of work to be undertaken, the responsibilities of both the client and the solicitor, the procedure for resolving disputes, and any additional costs that may be borne by the client, such as court fees or expert witness fees. The agreement may also include provisions regarding termination, confidentiality, and the solicitor's professional indemnity insurance coverage.
It is important to note that this template is specific to UK law, as conditional fee agreements and their regulations may vary in different jurisdictions. Overall, this agreement serves as a legal tool to ensure transparency, clarity, and fair compensation arrangements between clients and solicitors, with the aim of making legal services more accessible and affordable for individuals seeking legal representation in the UK.
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