Contingency Fees Agreement

A contingency fee agreement is a legal contract between a client and a legal practitioner where the lawyer’s fees are only paid if the client is successful in their legal case. This means the lawyer is not paid if the client loses or settles their case without being successful. The Contingency Fees Act 66 of 1997 in South Africa governs these agreements, ensuring strict compliance to protect both the client and the legal practitioner.