A contingency fee agreement is a payment arrangement that allows you to obtain legal representation without upfront fees. This type of legal agreement is most common in cases involving personal injury due to the negligence of another party.
With this type of agreement, you agree to pay your attorney if you successfully receive damages from your compensation claim. The attorney fee is paid based on the previously agreed-upon percentage before the funds are released to you.
Contingency fee agreements are helpful for those who do not have the available resources to pursue litigation to recover damages, especially in torts arising from personal injury and negligence. Your attorney is only paid if you are.