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In what circumstances would a contingent fee be paid?

Updated: 8/20/2019
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10y ago

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A contingent fee or conditional fee is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a "fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.. Contingent fees are usually calculated as a percentage of the client's net recovery."

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Q: In what circumstances would a contingent fee be paid?
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