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Contingency Fee Retainer Agreement Template for Philippines

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Key Requirements PROMPT example:

Contingency Fee Retainer Agreement

"I need a Contingency Fee Retainer Agreement for my law firm's representation of a manufacturing company in a commercial dispute, with a tiered fee structure where the percentage increases if the case proceeds to trial, and including special provisions for multiple attorney involvement."

Document background
The Contingency Fee Retainer Agreement is commonly used in Philippine legal practice when clients seek legal representation but prefer or need to defer payment of legal fees until a successful recovery is obtained. This document is particularly relevant in cases involving personal injury, collection matters, corporate disputes, or other litigation where monetary damages are sought. The agreement must carefully balance the attorney's right to fair compensation with the client's interests, as regulated by Philippine law. It typically includes detailed provisions on fee calculations, expense handling, scope of representation, and termination rights. The document must comply with the Philippine Code of Professional Responsibility, specifically Canon 20 regarding attorney's fees, and relevant Supreme Court jurisprudence on contingency fee arrangements. This type of agreement is particularly useful for clients who may not have the immediate financial means to pay regular legal fees but have potentially valuable claims.
Suggested Sections

1. Parties: Identifies the attorney/law firm and client with complete details including addresses and contact information

2. Background: Describes the context of the legal matter and the client's need for legal representation

3. Definitions: Defines key terms used throughout the agreement including 'contingency fee', 'recovery', and 'expenses'

4. Scope of Legal Services: Detailed description of the legal services to be provided and the specific matter being handled

5. Contingency Fee Structure: Specifies the percentage of recovery that will constitute the attorney's fees and how it will be calculated

6. Costs and Expenses: Explains how costs and expenses related to the case will be handled and who is responsible for them

7. Client's Rights and Responsibilities: Outlines the client's obligations and rights throughout the representation

8. Attorney's Rights and Responsibilities: Details the attorney's professional obligations and rights in representing the client

9. Termination: Conditions and procedures for terminating the agreement by either party

10. Governing Law: Specifies that Philippine law governs the agreement and references relevant codes and regulations

11. Signatures: Space for parties to execute the agreement with proper attestation

Optional Sections

1. Multiple Attorney Involvement: Used when multiple attorneys or firms may be involved in handling the case

2. Alternative Fee Arrangements: Include when there's a possibility of settling or resolving the matter through alternative means

3. Conflict Resolution: Optional section detailing mediation or arbitration procedures for disputes between attorney and client

4. Insurance Coverage: Include when insurance policies may affect the recovery or fee arrangement

5. Client Authority: Used when client is a corporation or requires special authorization procedures

6. Referral Arrangements: Include when there are referral fees or arrangements with other attorneys

7. Special Client Instructions: Used when client has specific requirements or limitations for the representation

Suggested Schedules

1. Schedule A - Fee Calculation Examples: Provides examples of how contingency fees will be calculated in various scenarios

2. Schedule B - Expense Categories: Detailed list of potential expenses and their handling

3. Schedule C - Client Documents: List of documents provided by client relevant to the case

4. Appendix 1 - Power of Attorney: Standard power of attorney form if required for the representation

5. Appendix 2 - Client Disclosure Form: Required disclosures under Philippine law and professional regulations

6. Appendix 3 - Case Timeline: Expected timeline and major milestones for the legal matter

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




































Clauses































Relevant Industries

Legal Services

Insurance

Banking and Finance

Real Estate

Construction

Manufacturing

Healthcare

Transportation

Mining

Energy

Technology

Telecommunications

Maritime

Relevant Teams

Legal

Compliance

Risk Management

Finance

Corporate Affairs

Operations

Business Development

Project Management

Contract Administration

Corporate Governance

Relevant Roles

General Counsel

Legal Director

Corporate Secretary

Chief Legal Officer

Compliance Officer

Risk Manager

Legal Operations Manager

Contract Manager

Chief Financial Officer

Finance Director

Business Development Manager

Project Manager

Corporate Attorney

Litigation Manager

Senior Partner

Managing Partner

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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