contingency Hear it!

contingency definition - legal

n

A future event or circumstance whose occurrence is not certain.
contingency fee
A fee charged for a lawyerÂ’s services in an action that is paid only if the client wins his or her lawsuit or receives a payment from an out-of-court settlement. Usually, the fee is a percentage of the amount recovered. Further-more, whatever the result of the action, the client will pay the court costs and the other out-of-pocket expenses (postage, subpoena fees, and so on) incurred by the lawyer during the course of the action. Although contingency fees are frequently charged for a lawyerÂ’s services in a civil action, it is unethical to charge this way for services in a criminal action. Also called contingent fee. See also attorneyÂ’s fees and champerty.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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