Section 58AA Damages-Based Agreement
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
✒️ Damages-based agreementBusiness activity
Enter into a DBAA damages-based agreement is a contract between a lawyer and client in which the lawyer agrees to take a portion of any damages recovered from the opposing party in a lawsuit. The agreement may also stipulate that the lawyer will only be paid if the case is successful. This type of arrangement is often used in personal injury cases.
The legal template in question, specifically titled Section 58AA Damages-Based Agreement under UK law, is a comprehensive document outlining the terms and conditions for a type of contractual arrangement used within the legal profession. Damages-Based Agreements (DBAs) have gained prominence in the United Kingdom as an alternative fee arrangement mechanism, primarily utilized in civil litigation cases.
Section 58AA of UK law governs DBAs by providing a legislative framework for legal practitioners to enter into contingency fee agreements with their clients. This legal template acts as a guide and a model for lawyers, solicitors, and law firms, offering a pre-drafted agreement that adheres to the specific requirements and regulations outlined in Section 58AA.
The template includes various provisions such as the appointment of solicitors or barristers, the scope of legal services to be provided, and the terms for calculating and distributing fees in the event of a successful outcome. It also addresses potential scenarios such as termination of the agreement, cost liability in the case of unsuccessful litigation, and procedures for dispute resolution.
This legal template aims to ensure that both parties - the legal practitioner and the client - have a clear understanding of the agreed terms, reducing any ambiguity or dispute that might arise during the course of the legal representation. As Section 58AA DBAs carry certain legal obligations and restrictions, this template provides the essential legal language and contractual framework to protect the rights and interests of all parties involved in the agreement.
It is important to note that while this legal template offers a comprehensive starting point, it is highly recommended that legal professionals review and tailor the document to fit the particular circumstances and requirements of each individual case. Additionally, adherence to all relevant UK laws and regulations is crucial to ensure compliance and the validity of the Section 58AA DBA.
Section 58AA of UK law governs DBAs by providing a legislative framework for legal practitioners to enter into contingency fee agreements with their clients. This legal template acts as a guide and a model for lawyers, solicitors, and law firms, offering a pre-drafted agreement that adheres to the specific requirements and regulations outlined in Section 58AA.
The template includes various provisions such as the appointment of solicitors or barristers, the scope of legal services to be provided, and the terms for calculating and distributing fees in the event of a successful outcome. It also addresses potential scenarios such as termination of the agreement, cost liability in the case of unsuccessful litigation, and procedures for dispute resolution.
This legal template aims to ensure that both parties - the legal practitioner and the client - have a clear understanding of the agreed terms, reducing any ambiguity or dispute that might arise during the course of the legal representation. As Section 58AA DBAs carry certain legal obligations and restrictions, this template provides the essential legal language and contractual framework to protect the rights and interests of all parties involved in the agreement.
It is important to note that while this legal template offers a comprehensive starting point, it is highly recommended that legal professionals review and tailor the document to fit the particular circumstances and requirements of each individual case. Additionally, adherence to all relevant UK laws and regulations is crucial to ensure compliance and the validity of the Section 58AA DBA.
How it works
PRODUCT HUNT
#1 Product of the Day
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
See Genie AI in action
Book your personalised demo now
Schedule a live, interactive demo with a Genie expert
Understand the most valuable features of Genie based on your workflow
Find out exactly how your business will benefit, from hours saved to faster revenue
Similar legal templates
Standard Notice to Complete (SCS 2018)
The Standard Notice to Complete (SCS 2018) is a legal template that pertains to UK law and is widely used in various real estate transactions. It serves as a formal notice issued by one party to another, typically the buyer to the seller, highlighting that the agreed-upon completion date specified in the contract has not been met and urging them to finalize the transaction promptly.
This template outlines the specific terms and conditions regarding the notice, including the date it was issued, the details of the involved parties, and relevant reference numbers. It clearly states the contractual obligations and provides a reasonable period within which the recipient is expected to complete the transaction, usually within a specified number of days from the date of receipt. It also specifies the potential consequences of failing to meet the notice requirements, such as the initiation of legal actions or the possible forfeiture of deposits.
The Standard Notice to Complete aims to maintain transparency, fairness, and promptness in real estate transactions by ensuring both parties adhere to the agreed-upon timelines. It serves as a legal document that can be submitted to relevant authorities or used as evidence in case of disputes that may arise due to delay or negligence on the part of either party during the completion process.
Furthermore, this template may include additional clauses or provisions specific to the transaction or the parties involved, allowing for customization and adaptation to individual circumstances. It is crucial to consult legal professionals and ensure compliance with current UK law while using this Standard Notice to Complete (SCS 2018) to protect the rights and interests of all parties involved in the transaction.
This template outlines the specific terms and conditions regarding the notice, including the date it was issued, the details of the involved parties, and relevant reference numbers. It clearly states the contractual obligations and provides a reasonable period within which the recipient is expected to complete the transaction, usually within a specified number of days from the date of receipt. It also specifies the potential consequences of failing to meet the notice requirements, such as the initiation of legal actions or the possible forfeiture of deposits.
The Standard Notice to Complete aims to maintain transparency, fairness, and promptness in real estate transactions by ensuring both parties adhere to the agreed-upon timelines. It serves as a legal document that can be submitted to relevant authorities or used as evidence in case of disputes that may arise due to delay or negligence on the part of either party during the completion process.
Furthermore, this template may include additional clauses or provisions specific to the transaction or the parties involved, allowing for customization and adaptation to individual circumstances. It is crucial to consult legal professionals and ensure compliance with current UK law while using this Standard Notice to Complete (SCS 2018) to protect the rights and interests of all parties involved in the transaction.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
2
DISCUSSIONS
0
Standard Franchise Agreement
The Standard Franchise Agreement under UK law is a comprehensive legal template that outlines the terms and conditions for establishing and operating a franchise business in the United Kingdom. This agreement is designed to provide a balanced and fair framework for both the franchisor (the owner of the brand and business concept) and the franchisee (the individual or business entity seeking to operate the franchise).
The template covers various key aspects of the franchising relationship, including the rights and obligations of both parties, intellectual property rights, fees and royalties, territory allocation, training and support, advertising and marketing requirements, quality control standards, duration and termination provisions, dispute resolution mechanisms, and confidentiality obligations.
This legal document serves as a blueprint for establishing a consistent and uniform business model across multiple franchise locations, ensuring that the franchisor's brand integrity is maintained while providing the franchisee with a proven business concept and support system. It helps to clarify the roles and responsibilities of both parties, minimizing potential conflicts and fostering a mutually beneficial and long-term partnership.
As the Standard Franchise Agreement is tailored to comply with UK law, it takes into account relevant regulations and legislation governing franchising activities in the country. It provides a solid foundation for establishing trust and maintaining compliance with legal requirements, protecting the interests of both parties involved in the franchise relationship.
This legal template enables franchisors to expand their business efficiently by executing agreements with potential franchisees, while franchisees can benefit from a well-structured agreement that offers protection, support, and a proven business model. Each party can adapt and customize the agreement to their specific needs while adhering to the legal requirements and maintaining the quality and standards associated with the franchisor's brand.
The template covers various key aspects of the franchising relationship, including the rights and obligations of both parties, intellectual property rights, fees and royalties, territory allocation, training and support, advertising and marketing requirements, quality control standards, duration and termination provisions, dispute resolution mechanisms, and confidentiality obligations.
This legal document serves as a blueprint for establishing a consistent and uniform business model across multiple franchise locations, ensuring that the franchisor's brand integrity is maintained while providing the franchisee with a proven business concept and support system. It helps to clarify the roles and responsibilities of both parties, minimizing potential conflicts and fostering a mutually beneficial and long-term partnership.
As the Standard Franchise Agreement is tailored to comply with UK law, it takes into account relevant regulations and legislation governing franchising activities in the country. It provides a solid foundation for establishing trust and maintaining compliance with legal requirements, protecting the interests of both parties involved in the franchise relationship.
This legal template enables franchisors to expand their business efficiently by executing agreements with potential franchisees, while franchisees can benefit from a well-structured agreement that offers protection, support, and a proven business model. Each party can adapt and customize the agreement to their specific needs while adhering to the legal requirements and maintaining the quality and standards associated with the franchisor's brand.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
4
RATINGS
1
DISCUSSIONS
1
Standard Notice To Complete By Landlord (Served On Tenant)
The legal template "Standard Notice to Complete by Landlord (Served on Tenant)" under UK law serves as an official document that the landlord uses to notify the tenant of their failure to fulfill certain obligations specified in the tenancy agreement. The template outlines the necessary steps and timelines for the tenant to rectify their non-compliance, as well as the consequences of continued non-compliance or failure to act within the provided timeframe. This notice is typically employed when tenants have failed to adhere to key terms of the tenancy agreement, such as failure to pay rent on time, breaching property care and maintenance responsibilities, or violating occupancy guidelines. The document ensures that the landlord and tenant are aware of their respective rights and responsibilities and establishes a legal record of communication in order to address any issues and maintain a harmonious tenancy.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
3
DISCUSSIONS
2