Contingency Agreement South Africa

# A copy of the contingency fee agreement must be delivered to the customer on the day the contract is signed. (Section 3.4) of the Contingency Fees Act, 1997 (Act 66 of 1997)) Performed and concluded between 9.1 The client has a period of 14 days from the date of signature of this contract, in which he/she has the right to terminate the contract by indicating the lawyer in writing. (i) has been informed of all other possibilities for financing the dispute and their respective effects; (ii) has been informed of the normal rule that, in the event of inference in the proceedings, he or she may be required to pay to the taxed party and the party the costs of his or her opponent(s) in the proceedings; (iii). has been informed that in case of success, he or she is required to pay the success fee; and (iv) Provided that the higher fees (fees higher than the lawyer`s normal fees) do not exceed by more than 100% the lawyer`s normal fees and that, in the case of pecuniary claims, the sum of the increased fees does not exceed 25% of the total amount of money awarded to the client. Any costs attributed to the contracting entity shall be excluded from the calculation of the above-mentioned 100% and 25% limits. The lawyer has a heavy duty to also explain to the client that the client must pay the lawyer 25% of the amount granted to the client. The parties must know in the agreement whether it is a “gain” or a “loss” of a dispute. .

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