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The purpose of having a contingency plan is to have steps when things go wrong in a business. A contingency plan goes into act when something unexpected happens.
Chance, possibility, probability, eventuality, or exigency. Those words mean contingency.
It is an event that is likely to hapen but it can not be predicteded with pure certainty
In general accounting practice, contingency amount means reserve or backup money. It will be used to manage a risk or an uncertain events. This amount will be allocated by percentage of the budgeted amount.
A contingency measure is something you do, or are prepared to do, in case something specific happens.
Leaders need to have a contingency plan in case the original plan of action fails. This is also known as a back up plan.
Leaders need to have a contingency plan in case the original plan of action fails. This is also known as a back up plan.
Most attorneys take contingency fees. However, there are situations where they will want to be paid up front and will refuse to take a case on contingency.
It depends on whether there is a contingency agreement, and if so, what are the terms of the agreement.
Depends on the type of case & likelihood of recovery. If it's an accident case or overtime for example, most will take on a contingency.
There are many factors that influence contingency planning. A contingency plan is a written list of procedures in case of emergencies. It is essentially a back up plan. Some factors that influence it in business are business goals, government regulations, and economic concerns.
The question is very vague, so I will assume you mean what percentage is fair for the attorney in a contingency fee agreement. In personal injury cases, the standard is 33% of the total amount. If the case is actually taken to court, then that percentage can rise.
What is the meaning of contingency leadership in relation to Human Resource Management
A contingency fee is the payment that a lawyer will receive from a client if he wins their case. If the case is lost then no fee is paid to the lawyer.
A financial 'credit crunch' is when there have to be budget deficits and contingency plans in place (should there be a worst case scenario)
use contingency in a sentence?