The Contingency Retainer Agreement is essential when establishing a performance-based legal representation arrangement in Singapore. While Singapore traditionally maintains conservative positions on contingency fees, this document carefully structures the arrangement to comply with local regulations while protecting both parties' interests. It details payment terms, scope of work, client obligations, and termination rights, incorporating requirements from the Legal Profession Act and Professional Conduct Rules. This agreement is particularly relevant for cases where clients prefer to link legal fees to case outcomes.
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Key Requirements PROMPT example:
Contingency Retainer Agreement
"Need a Contingency Retainer Agreement for our Singapore law firm to represent a construction company in a major dispute, with a 25% success fee structure and specific provisions for expert witness costs to be commenced by March 2025."
1. Parties: Identification of the law firm and client with full legal names and addresses
2. Background: Context of the legal matter and reason for engagement
3. Definitions: Key terms used throughout the agreement including fee calculation methods and success criteria
4. Scope of Services: Detailed description of legal services to be provided and extent of representation
5. Fee Structure: Clear explanation of contingency fee calculation, payment terms, and disbursements handling
6. Client Obligations: Client's responsibilities, commitments, and duty to cooperate
7. Termination: Conditions and process for ending the agreement, including fee calculations upon early termination
8. Confidentiality: Privacy and information protection obligations for both parties
1. Conflict of Interest: Additional provisions regarding potential conflicts and their management
2. Insurance Coverage: Details of professional indemnity insurance and coverage limits
3. Alternative Dispute Resolution: Procedures for resolving disputes between parties through mediation or arbitration
1. Schedule of Fees: Detailed breakdown of fee calculations, success fee percentages, and various outcome scenarios
2. Scope of Work Details: Comprehensive outline of specific legal services, milestones, and deliverables
3. Client Authority Form: Authorization form detailing specific actions the firm is empowered to take on behalf of client
4. Conflict Check Results: Documentation of conflict checking process results and mitigation measures if applicable
Authors
Relevant legal definitions
Agreement
Applicable Laws
Business Day
Case
Claim
Client
Commencement Date
Confidential Information
Contingency Fee
Costs
Disbursements
Effective Date
Fee Schedule
Gross Recovery
Law Firm
Legal Proceedings
Legal Services
Net Recovery
Parties
Recovery
Representative Attorney
Retainer
Scope of Services
Settlement
Success Fee
Term
Termination Date
Third Party Costs
Applicable Laws
Business Day
Case
Claim
Client
Commencement Date
Confidential Information
Contingency Fee
Costs
Disbursements
Effective Date
Fee Schedule
Gross Recovery
Law Firm
Legal Proceedings
Legal Services
Net Recovery
Parties
Recovery
Representative Attorney
Retainer
Scope of Services
Settlement
Success Fee
Term
Termination Date
Third Party Costs
Clauses
Appointment
Scope of Services
Fee Structure
Payment Terms
Contingency Calculations
Success Criteria
Client Obligations
Law Firm Obligations
Confidentiality
Conflict of Interest
Professional Conduct
Record Keeping
Communication
Termination
Force Majeure
Indemnification
Insurance
Assignment
Dispute Resolution
Governing Law
Client Authority
Third Party Costs
Disbursements
Settlement Authority
File Retention
Intellectual Property
Severability
Entire Agreement
Amendments
Notices
Scope of Services
Fee Structure
Payment Terms
Contingency Calculations
Success Criteria
Client Obligations
Law Firm Obligations
Confidentiality
Conflict of Interest
Professional Conduct
Record Keeping
Communication
Termination
Force Majeure
Indemnification
Insurance
Assignment
Dispute Resolution
Governing Law
Client Authority
Third Party Costs
Disbursements
Settlement Authority
File Retention
Intellectual Property
Severability
Entire Agreement
Amendments
Notices
Relevant Industries
Relevant Teams
Relevant Roles
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