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
Commercial Lease Of A Whole Building On An Estate
This legal template pertains to a commercial lease agreement for the entire building located within an estate, under the jurisdiction of UK law. The template outlines the contractual terms and conditions that govern the rental of a whole building for commercial purposes. It covers various aspects such as the rights and responsibilities of both the landlord and the tenant, the duration of the lease, the rent payment structure, any applicable maintenance or repair obligations, and any specific provisions related to the use and occupation of the building within the estate. Additionally, the template may include clauses addressing termination rights, dispute resolution mechanisms, and any other legal requirements necessitated by UK law for commercial lease agreements. Overall, this legal template facilitates the establishment of a formal and binding contractual relationship between the building owner (landlord) and the tenant, ensuring clarity and protection of rights for both parties in compliance with UK legal regulations.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
8
RATINGS
4
DISCUSSIONS
3
Commercial Lease Of A Whole Building Not on An Estate
This legal template pertains to the commercial lease agreement for a standalone building within the United Kingdom, specifically excluding properties situated on an estate. The document outlines the terms and conditions under which the building is leased to a business or entity for commercial purposes. It covers various aspects such as the duration of the lease, rent payment details, maintenance responsibilities, permitted use of the premises, restrictions, and any special provisions or clauses that may be applicable. The template ensures compliance with UK law and serves as a comprehensive agreement for both the landlord and tenant to establish a legally binding arrangement for the lease of a whole commercial building.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
7
RATINGS
4
DISCUSSIONS
2
Standard Supplemental Lease (Tenant Holds Existing Lease)
The Standard Supplemental Lease (Tenant Holds Existing Lease) under UK law is a legal template designed to cater to circumstances where a tenant desires to make additional arrangements or modifications to their existing lease agreement with a landlord. This supplemental lease serves as an addendum or appendix to the original lease, outlining specific terms and conditions that need to be altered, extended, or clarified without invalidating the primary agreement. It ensures both parties' rights and obligations are respected and safeguards the landlord and tenant's interests by providing a legally binding framework to address any new or changed lease provisions. The template adheres to the legal requirements and guidelines prescribed by UK law, making it a reliable and comprehensive contractual instrument for tenants and landlords in the United Kingdom.
Read More
Publisher
Genie AIJurisdiction
England and WalesTEMPLATE
USED BY
5
RATINGS
2
DISCUSSIONS
0
