INTERPRETATION OF A CONTINGENCY FEE CONTRACT. I have a contingency fee contract with lawyers representing me in a disability case close to be settled

INTERPRETATION OF A CONTINGENCY FEE CONTRACT. I have a contingency fee contract with lawyers representing me in a disability case close to be settled

They expected a solution with a Lump sum, so they drafted our contract without much detail . The contracts says: “client agrees to pay attorneys XX% of the money recovered, whether by settlement or trial. It is specifically understood and agreed that the amount to be paid attorneys shall be computed and based upon the net recovery of damages which may be awarded. Net recovery is defined as the total amount recovered by settlement or judgment.”The settlement is aiming at paying me a lump

Asked on June 2, 2009 under Insurance Law, Ohio

Answers:

IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.