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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CONTINGENT FEE RETAINER
STATE OF _________________)
ss:
COUNTY OF ________________)
KNOW YE ALL MEN BY THESE PRESENTS, This Agreement is made and entered into this __ day of ________________, 19__, by and between _________________, of _______________________, hereinafter called the "Attorney", and ____________________, of __________________________,hereinafter called the "Client".
WHEREAS, Client desires to initiate proceedings against ____________________, of ________________________________, Client hereby retains and employs Attorney to prosecute said action to final judgment or to any other settlement satisfactory to Client. Client agrees to pay Attorney for his services under this Agreement a sum equal to __ percent of any monies or property obtained or received by Client as the result of voluntarycompromise or other out-of-court settlement; __ percent if received after judgment; and __ percent if received by Client after appeal.
Client further agrees to reimburse Attorney for all proper expenses incurred by Attorney pertaining to such action or settlement.
Except as provided herein, Attorney shall not be entitled to any other compensation from Client for legal services related to this Agreement.
It is agreed between the parties hereto that Attorney shall have a lien for payment of his fee on all monies or property obtained, received or recovered by compromise, settlement, judgment or any other means whatsoever.
In the event legal action is required to enforce any provision of this Agreement, the prevailing party shall be entitled to recover reasonable attorney's fees and costs.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written.
___________________________
___________________________
NOTICE
The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.