Contingent fee

Contingent fee,

Definition of Contingent fee:

  1. Method of remunerating agents, brokers, lawyers, etc., in which no fee is paid until the objective(s) of the arrangement (a court case, contract, sale, etc.) is won or achieved. However, the principal (client) is usually responsible for statutory charges and incidental expenses incurred in course of the action. Also called contingency fee.

  2. An estate for which inheritance is contingent on other factors; compare sense A. 9 (obsolete).

  3. = contingency fee.

How to use Contingent fee in a sentence?

  1. We are currently conducting a search for a Chief Financial Officer within our company using a search firm operating on a contingent fee based upon their success in locating a viable candidate.
  2. You must make sure to budget in everything for a purchase and that includes the cost of the contingent fee as well.
  3. They took my case on contingent fee because they knew I wouldnt be able to afford their fees at the start, and that I had a solid case that would assuredly win at trial.

Meaning of Contingent fee & Contingent fee Definition