Contingency Agreement

What is Contingency Agreement?

An agreement containing a contingency clause; an example is a contingency fee agreement for legal services that is popular in personal injury actions wherein the attorney gets no fee if she does not win the case and obtain a monetary recovery for the personal injury client. If the attorney wins the case, the fee is computed on the percentage in the contract, such as one-third of the full amount of the recovery.

Further Reading

For more detailed information, see our related Contracts terms:

• Mutual Assent
• Acquiescence
• Legal Fee Agreement
• Severable Contract
• Section 2-207 of the Uniform Commercial Code

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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