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Retainer And Contingency Fee Agreement
"I need a Retainer and Contingency Fee Agreement under Saudi Arabian law for a technology company client, with a monthly retainer of 15,000 SAR and a 25% contingency fee for any intellectual property litigation success, starting March 2025."
1. Parties: Identification of the Attorney/Law Firm and the Client with full legal names and addresses
2. Background: Context of the legal representation and the nature of the legal matter
3. Definitions: Key terms used in the agreement including 'Retainer Fee', 'Contingency Fee', 'Costs', 'Expenses', and 'Recovery'
4. Scope of Services: Detailed description of legal services to be provided and any limitations or exclusions
5. Retainer Fee Structure: Details of the retainer amount, payment schedule, and what services are covered by the retainer
6. Contingency Fee Structure: Percentage of recovery, calculation method, and circumstances triggering the contingency fee
7. Costs and Expenses: Explanation of how costs and expenses will be handled, including court fees, expert witnesses, and other disbursements
8. Client Responsibilities: Client's obligations including providing information, maintaining communication, and payment responsibilities
9. Attorney Rights and Obligations: Professional commitments, ethical obligations, and compliance with Saudi Legal Practice Law
10. Termination: Conditions and process for terminating the agreement, including fee calculations upon termination
11. Dispute Resolution: Process for resolving disputes in accordance with Saudi law and Sharia principles
12. Governing Law: Specification of Saudi law as governing law and compliance with Sharia principles
13. Entire Agreement: Statement that the document represents the complete agreement between parties
1. Conflict of Interest: Additional provisions regarding potential conflicts and their handling, used when representing multiple clients or in complex cases
2. Confidentiality: Detailed confidentiality provisions, used when handling sensitive information or upon client request
3. Third-Party Payment Arrangements: Used when fees will be paid by someone other than the client
4. Special Fee Arrangements: Used for hybrid fee structures or special payment arrangements
5. Insurance Coverage: Used when legal services involve insurance claims or coverage
6. International Aspects: Used when the legal matter involves cross-border elements
7. Power of Attorney: Used when specific authorization is needed for certain actions
1. Schedule A - Fee Calculator: Detailed breakdown of how fees will be calculated, including contingency percentages and retainer applications
2. Schedule B - Scope of Work: Detailed description of services included and excluded from the agreement
3. Schedule C - Expense Categories: Categorization and explanation of different types of expenses and their handling
4. Appendix 1 - Client Information Form: Standard form collecting essential client information and matter details
5. Appendix 2 - Payment Terms: Detailed payment terms, methods, and schedules
6. Appendix 3 - Required Disclosures: Mandatory disclosures required by Saudi law and the Saudi Bar Association
Authors
Legal Services
Financial Services
Professional Services
Healthcare
Real Estate
Construction
Manufacturing
Technology
Retail
Energy
Mining
Telecommunications
Transportation
Education
Legal
Finance
Executive Leadership
Compliance
Risk Management
Operations
Business Development
Corporate Governance
Procurement
Administration
General Counsel
Legal Director
Chief Legal Officer
Managing Partner
Chief Financial Officer
Chief Executive Officer
Legal Operations Manager
Compliance Officer
Risk Manager
Corporate Secretary
Business Development Manager
Contract Manager
Finance Director
Operations Director
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