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Contingency Fee Agreement
"I need a Contingency Fee Agreement under Saudi law for representing a corporate client in a commercial dispute worth approximately SAR 5 million, with a tiered fee structure where the percentage increases based on the recovery amount and stage of proceedings."
1. Parties: Identification of the lawyer/law firm and the client, including full legal names and contact details
2. Background: Context of the legal matter and the basis for entering into a contingency fee arrangement
3. Definitions: Key terms used in the agreement, including 'Success', 'Recovery Amount', and 'Contingency Fee'
4. Scope of Services: Detailed description of legal services to be provided and the specific matter being handled
5. Contingency Fee Structure: Clear explanation of the fee calculation method, including percentages and any sliding scales
6. Costs and Expenses: Specification of how costs and expenses will be handled, including court fees and expert fees
7. Payment Terms: Details of when and how payment will be made upon successful resolution
8. Client's Rights and Obligations: Client's responsibilities and rights throughout the representation
9. Attorney's Rights and Obligations: Attorney's commitments and responsibilities in handling the matter
10. Termination: Conditions and procedures for terminating the agreement, including fee calculations upon early termination
11. Confidentiality: Provisions regarding confidentiality and client information protection
12. Dispute Resolution: Procedures for resolving any disputes between the parties
13. Governing Law: Specification of Saudi law as governing law and compliance with Sharia principles
1. Multiple Party Provisions: Additional provisions when multiple clients are involved in the same matter
2. Referral Arrangements: Terms regarding any referral arrangements with other lawyers or firms
3. Insurance Coverage: Provisions regarding any relevant insurance coverage and its impact on fee arrangements
4. Alternative Fee Arrangements: Optional alternative fee structures if the contingency arrangement becomes unenforceable
5. International Aspects: Additional provisions for cases involving international elements
6. Expert Witness Arrangements: Specific provisions regarding the engagement and payment of expert witnesses
7. Appeals Provisions: Terms governing fee arrangements in case of appeals
1. Schedule 1 - Fee Calculation Examples: Detailed examples showing how the contingency fee will be calculated in various scenarios
2. Schedule 2 - Costs and Expenses List: Comprehensive list of potential costs and expenses and how they will be handled
3. Schedule 3 - Client Disclosure Statement: Mandatory disclosures required by Saudi legal practice regulations
4. Schedule 4 - Power of Attorney: Form of power of attorney required for legal representation
5. Schedule 5 - Case Details: Detailed description of the legal matter and anticipated proceedings
6. Appendix A - Compliance Checklist: Checklist ensuring compliance with Saudi legal requirements and Sharia principles
7. Appendix B - Client Communication Protocol: Agreed procedures for client communications and updates
Authors
Legal Services
Construction
Real Estate
Banking and Finance
Insurance
Manufacturing
Healthcare
Technology
Energy
Mining
Transportation
Retail
Professional Services
Legal
Compliance
Risk Management
Finance
Operations
Business Development
Corporate Affairs
Executive Leadership
Procurement
Contract Administration
General Counsel
Legal Director
Chief Legal Officer
Compliance Officer
Risk Manager
Chief Financial Officer
Managing Director
Chief Executive Officer
Litigation Manager
Legal Operations Manager
Contract Manager
Business Development Manager
Claims Manager
Corporate Secretary
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