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 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)