Engagement (Retainer) Letter: Alternative Fee Arrangement (Illinois)

This legal template could be a document outlining the terms and conditions of an engagement or retainer between a client and a law firm or attorney. Specifically designed for cases within the state of Illinois, and subject to the laws of the United States, this template addresses an alternative fee arrangement.

An alternative fee arrangement refers to an agreement between a client and their legal representation that deviates from the traditional hourly billing system. Instead, it establishes a different payment structure, such as a fixed fee, contingency fee, or hybrid model, where costs may be determined based on the outcome or success of the case.

The Engagement (Retainer) Letter serves as a formal agreement that spells out the nature of the legal services to be provided, the fee arrangement, and the terms of payment. It may also address factors such as the scope of representation, duties and responsibilities of both parties, the duration of the agreement, and the potential termination or modification of the engagement.

As an Illinois-specific document, it incorporates relevant legal provisions and language to ensure compliance with state and federal laws. This template aims to create a clear understanding between the client and the attorney, establishing a solid foundation for their professional relationship and providing transparency regarding fees and expectations.