Model Explanation of Contingent Fee Agreement - Oregon

Model Explanation of Contingent Fee Agreement is a legal document that was released by the Oregon State Bar - a government authority operating within Oregon.

FAQ

Q: What is a contingent fee agreement?
A: A contingent fee agreement is a type of contract between a client and an attorney where the attorney's fees are based on the outcome of the case.

Q: How does a contingent fee agreement work?
A: In a contingent fee agreement, the attorney agrees to represent the client in exchange for a percentage of the monetary recovery, if any, obtained through a settlement or judgment.

Q: Is a contingent fee agreement common in Oregon?
A: Yes, contingent fee agreements are common in Oregon, particularly in personal injury and employment law cases.

Q: What are the advantages of a contingent fee agreement?
A: The main advantage of a contingent fee agreement is that it allows individuals who may not have the financial means to hire an attorney upfront to pursue their legal rights.

Q: Are there any risks or downsides to a contingent fee agreement?
A: One downside of a contingent fee agreement is that if the case is unsuccessful, the client may still be responsible for certain costs and expenses incurred during the legal process.

Q: What should I consider before entering into a contingent fee agreement?
A: Before entering into a contingent fee agreement, it is important to carefully review and understand the terms, including the percentage of the recovery that the attorney will receive and any additional fees or expenses that may be charged.

Q: Can I negotiate the terms of a contingent fee agreement?
A: Yes, you can negotiate the terms of a contingent fee agreement with your attorney, including the percentage of the recovery and any additional fees or expenses that may be charged.

Q: Is a contingent fee agreement the same as a retainer fee?
A: No, a contingent fee agreement is different from a retainer fee. In a retainer fee arrangement, the client pays the attorney an upfront fee for their services, regardless of the outcome of the case.

Q: Can I switch from a contingent fee agreement to a different fee arrangement?
A: Yes, in some cases, it may be possible to switch from a contingent fee agreement to a different fee arrangement, but this will depend on the specific circumstances and the agreement of both the client and the attorney.