Contingency fee agreements

A) are typically used for real estate purchases, the drafting of wills, and incorporations.
B) are not subject to any restrictions.
C) are synonymous with retainer agreements.
D) may result in a lawyer not receiving any legal fees for the work done on a file.
E) must be prepared for all lawyer-client relationships.

Contingency Fee Agreements

Contracts between lawyers and their clients where fees are only owed if the lawsuit is won, typically as a percentage of the recovery.

Retainer Agreements

Contracts between a client and a service provider, especially in legal and consulting practices, where the client pays an upfront amount for professional services.

Legal Fees

The charges that lawyers or law firms make for their services, which can include hourly rates, flat fees, or contingent fees based on the outcome of a case.