What is Contingency Agreement?
An agreement containing a contingency clause; an example is a contingency fee agreement for legal services that is popular in personal injury actions wherein the attorney gets no fee if she does not win the case and obtain a monetary recovery for the personal injury client. If the attorney wins the case, the fee is computed on the percentage in the contract, such as one-third of the full amount of the recovery.
Further Reading
For more detailed information, see our related Contracts terms:
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