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Business Law 2390 > Chapter 1 Intro > Flashcards

Chapter 1 Intro Flashcards

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1
Q

Sophisticated Client

A

An confident, knowing what to do law client

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2
Q

Fixed Fee

A

Regardless the time involved, charge fixed fee for how much work is involved

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3
Q

Contingency Fee

A

Lawyer taking percentage from the awarded amount, either through settlement for court judgement, max fee percentage restrictions apply

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4
Q

Retainer

A

Works like a deposit, the money from one party to another holds under lawyer created trust account, then finally transfer when the deal is through

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Business Law 2390 (9 decks)

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