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Hybrid Contingency Fee Agreement
"I need a Hybrid Contingency Fee Agreement for a corporate client in Manila, combining a monthly fixed fee of 50,000 PHP with a 15% contingency fee for a commercial litigation case starting March 2025, incorporating standard Philippine law provisions and ethical requirements."
1. Parties: Identification of the Attorney/Law Firm and the Client, including complete details and capacities
2. Background: Context of the legal matter and reason for engagement
3. Definitions: Key terms used throughout the agreement, including 'Recovery Amount', 'Fixed Fee Component', 'Contingency Fee Component', and 'Costs'
4. Scope of Legal Services: Detailed description of legal services to be provided, including specific matters and exclusions
5. Fee Structure: Breakdown of hybrid fee arrangement, including fixed fee amounts and contingency percentage
6. Payment Terms: Timing and method of payments for both fixed and contingency components
7. Costs and Expenses: Allocation of responsibility for litigation costs and other expenses
8. Termination: Conditions and procedures for terminating the agreement, including fee calculations upon early termination
9. Client's Rights and Obligations: Client's responsibilities and rights throughout the representation
10. Attorney's Rights and Obligations: Attorney's commitments and professional obligations
11. Governing Law and Jurisdiction: Specification of Philippine law as governing law and choice of forum
12. Entire Agreement: Integration clause and procedure for modifications
1. Conflict Resolution: Optional section detailing mediation or arbitration procedures for fee disputes
2. Associated Counsel: Include when there's possibility of engaging other attorneys, detailing fee sharing arrangements
3. Insurance Coverage: Include when legal services relate to insurance claims or coverage
4. Referral Arrangements: Include when case involves referral fees or arrangements with other attorneys
5. Success Metrics: Include when contingency calculations depend on specific outcome metrics
6. Client Authority: Include when client is an organization or representing others
7. Confidentiality: Detailed confidentiality terms when case involves sensitive information
1. Schedule A - Fee Calculation Examples: Examples showing how fees will be calculated in various scenarios
2. Schedule B - Scope of Work: Detailed breakdown of legal services covered under the agreement
3. Schedule C - Fixed Fee Payment Schedule: Timeline and amounts for fixed fee payments
4. Schedule D - Authorized Representatives: List of authorized representatives who can give instructions (if client is an organization)
5. Appendix 1 - Costs and Disbursements: Detailed list of anticipated costs and how they will be handled
6. Appendix 2 - Related Cases: List of related cases or matters if applicable
Authors
Legal Services
Financial Services
Insurance
Real Estate
Construction
Manufacturing
Technology
Mining
Healthcare
Retail
Maritime
Energy
Legal
Finance
Compliance
Risk Management
Corporate Secretariat
Operations
Business Development
Procurement
General Counsel
Legal Director
Chief Legal Officer
Corporate Secretary
Legal Operations Manager
Managing Partner
Senior Partner
Litigation Partner
Chief Financial Officer
Risk Manager
Compliance Officer
Business Development Director
Contract Manager
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