contingency fee Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “contingency fee” in the English Dictionary

"contingency fee" in Business English

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contingency feenoun [C]

uk   us   (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 ​successfulresult in a ​court of ​law: a contingency fee agreement/arrangement/system The ​clientsigned a ​contingencyfeeagreement that promised the ​lawyer 40% of the ​finalsettlement or ​judgment.
(Definition of contingency fee from the Cambridge Business English Dictionary © Cambridge University Press)
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