What Does Contingency Fee Mean?

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What does Contingency Fee mean? Read on to discover the definition & meaning of the term Contingency Fee - to help you better understand the language used in insurance policies.

Contingency Fee

Contingency Fee

A fee arrangement between a plaintiff and his or her attorney in which the plaintiff agrees to pay the attorney a stated percentage (most often, although not always, one-third) of any judgment rendered or settlement negotiated by the attorney as a result the plaintiff's lawsuit.

We hope the you have a better understanding of the meaning of Contingency Fee.

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