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English definition of “contingency fee”

contingency fee

noun [C]
 
 
(also contingent fee)
LAW a method of paying someone such as a lawyer in which no money is paid until a particular aim is achieved, for example getting a sale or contract or a successful result in a court of law: a contingency fee agreement/arrangement/system The client signed a contingency fee agreement that promised the lawyer 40% of the final settlement or judgment.
(Definition of contingency fee from the Cambridge Business English Dictionary © Cambridge University Press)
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