Opinion ID: 3052575
Heading Depth: 3
Heading Rank: 2

Heading: The May 29, 2001 Corporate Resolution

Text: By May 2001, however, Jeffrey and Amy Bertelsen did not have money to pay hourly attorney or consulting fees. They asked Harris and McPherson if they would work on a contingency fee basis; Harris and McPherson agreed. Harris then drafted a “Terms of Engagement pursuant to Corporate Resolution (Authorization) and Limited Power of Attorney,” which Jeffrey and Amy Bertelsen signed on May 29, 2001 on behalf of BFG. The resolution stated BFG BERTELSEN v. HARRIS 10257 retained “the services of” McPherson and Harris for 90 days (i.e., expiring August 27, 2001). The resolution further stated “Harris and McPherson will be reimbursed for their services associated with the undertaking . . . at the rate of 1% of the gross value of any transaction(s) entered into with third parties plus full reimbursement of all out-of-pocket expenses incurred by Harris and McPherson.” The resolution also stated the Bertelsens could terminate the agreement, and Harris and McPherson would be entitled to compensation for work performed at their hourly rates of $195 and $150, respectively. Harris and McPherson agreed to split the contingency fee evenly between themselves (“50/50”).2