Opinion ID: 2534320
Heading Depth: 1
Heading Rank: 11

Heading: The District Court's Award of Mike's Attorney's Fees

Text: The Compromise contained two provisions concerning attorney's fees. Paragraph 1.20, under the heading Terms of Sale, Winding Up and Termination of the Partnership, provides, [e]ach party to pay their own attorney fees and accounting fees. The court awarded Mike $175,854 in attorney fees based on paragraph 5 of the Compromise. That paragraph reads: In the event of any legal action to enforce the terms of this settlement agreement, the prevailing party shall be entitled to an award of costs, including attorney fees. Attorney fees are allowable if provided for in a contract. Such provisions represent an election by the parties to place the risk of litigation costs on the one who is ultimately unsuccessful. Holmes v. Holmes, 125 Idaho 784, 787, 874 P.2d 595, 598 (Ct.App.1994). 1.