What is a Letter of Legal Agreement?
A letter of legal agreement is a formal document that outlines the terms and conditions of a legal agreement between two or more. This type of is used to document the agreement reached between parties and serves as a written record of the terms to which they have agreed.
A of legal agreement typically includes details such as the names of the parties, the purpose of the agreement, the specific terms and conditions, any deadlines, and milestones any other relevant information. This letter is often drafted by legal professionals to ensure that the agreement is legally binding and enforceable.
Letters of legal agreement are commonly in various used situations, such as business partnerships, contracts for services, rental agreements, and more. These letters help to clarify the rights and responsibilities of each party and provide a clear outline of what is expected from both sides.
In the event of a dispute or disagreement, a letter of legal agreement can serve as evidence of the terms to which the parties have previously agreed. It can help to resolve conflicts and provide a reference point for resolving any issues that may arise during the course of the agreement.
Overall, a letter of legal agreement is a crucial document that helps to formalize the terms of a legal agreement and protect the interests of all parties involved. It provides clarity and certainty in business dealings and helps to ensure that all parties are on the same page regarding their obligations and responsibilities.
A Free Letter of Legal Agreement
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Example of Lawyer's Business Litigation Retainer Agreement
Date
Name of Client
Address
Re: Name of Case
Dear (Name of Client):
This will confirm our retainer agreement whereby you have hired the law offices of (specify) as the attorney of record and this office in an Of Counsel capacity to file a lawsuit in Federal Court, County of (specify), State of (specify) to recover damages incurred by the alleged breach of contract by (name of defendant).
Based on my extensive review of all pertinent facts, and the comprehensive meeting between (name of attorney) and myself in (location) on (date), the damages we will be seeking shall exceed $X on your company's behalf from the above, including additional potential statutory-granted damages, attorney fees, interest, and costs.
In that regard, you agree to pay a retainer of $X as a minimum fee in this matter. Said retainer shall be paid as follows: $A upon your signing of this retainer agreement; $B within 30 days from that date; and the balance of $C within 60 days from the signing hereof. All checks will be made payable to my name and will be forwarded to my law office in (specify).
Upon my receipt of the signed retainer agreement and clearance of the first $A check, I will immediately contact the defendant for the purposes of attempting to settle the matter without the necessity of formal litigation. In the event the matter can be resolved before institution of a formal lawsuit or within 30 days after the filing of a formal lawsuit, all retainers paid shall be applied against a discounted contingency fee of TWENTY FIVE PERCENT (25%) of all sums collected in settlement. (Note: As was discussed, (name of defendant) would have to offer at least $X at this stage for us to settle the matter now and it is doubtful they will do so now.)
In the event no immediate satisfactory offer is forthcoming, and we become involved in protracted litigation, the $X retainer paid will be applied against a final contingency fee of THIRTY FIVE PERCENT (35%) of all gross monies collected on your behalf (including money collected for lawyer's fees) by settlement, judgment, or otherwise.
Upon the filing of litigation papers, (name of attorney) and this office will split equally all legal fees paid and earned in connection with your matter. Both of us will handle the litigation but I am responsible for coordinating all trial strategy with respect thereto. This office will handle the actual filing of all papers and formal legal requirements in (specify state). I will attend and participate at the actual trial. Furthermore, I will travel to (specify) at my own cost to attend any depositions of important witnesses and be available at important motions, sessions, etc.
The aforesaid retainer only covers this current litigation and not any work rendered in appellate courts or other actions or proceedings and there will be no additional charges such as trial fees or otherwise, with the exception of litigation costs, expenses and disbursements. In this regard, you agree to pay for or reimburse us promptly for all out-of-pocket disbursements incurred on your behalf. Out-of-pocket disbursements include but are not limited to costs of filing papers, court fees, process servers, witness fees, expert witness fees (note: a qualified economist might charge as much as $10,000.00 for computing actual damages and testifying in court) and court reporters' stenographic fees (which could be as much as $1,000.00 per day for lengthy depositions). In that regard, and in the event formal litigation becomes necessary, you will forward an initial sum of Five Hundred Dollars ($500.00) for this purpose to be deposited into (name of attorney's) escrow account to cover initial costs and fulfill this aspect of our agreement.
All settlements will require your consent and approval before concluding same. Additionally, although (name of attorney) and I have advised that it appears that your claims are strong, you understand that despite both of our law firms working on your behalf, there is no assurance or guarantee of the success or the outcome of this matter.
Additionally, although (name of attorney) will be the attorney of record in the actual lawsuit, I shall serve as the final decision-maker in all aspects of your lawsuit when tactical decisions are involved.
As always, we look forward to serving you. If the terms of the above meet with your approval, please sign the original and fax your approval back to me. Please forward the initial $X retainer made payable to (specify) and the $X for travel reimbursement as a result of our initial meeting.
If you have any questions or comments, feel free to call.
Very truly yours,
Name of Attorney
I, (name of client), have read and understand the above retainer letter, have received a copy, and accept all of its terms: __________________________
Name of Client Dated: _________________
Accepted and Agreed To:____________________Name of Lawyer