{"id":673,"date":"2019-12-19T11:40:34","date_gmt":"2019-12-19T11:40:34","guid":{"rendered":"https:\/\/lawlawyers.wpengine.com\/?post_type=news&#038;p=673"},"modified":"2021-09-03T21:06:26","modified_gmt":"2021-09-03T11:06:26","slug":"contrary-to-popular-belief-lorem-ipsum","status":"publish","type":"news","link":"https:\/\/www.lawlawyers.com.au\/zh\/news\/contrary-to-popular-belief-lorem-ipsum\/","title":{"rendered":"What you should know about \u2018no win &#8211; no fee\u2019 costs agreement?"},"content":{"rendered":"<p>The \u2018no win \u2013 no fee\u2019 agreement is a conditional costs agreement. According to s 323 of <em>Legal Profession Act 2007<\/em> (the Act), a conditional costs agreement means the payment of some, or all of the legal costs is conditional on the successful outcome of your matter. Lawyers and their clients can enter into this type of arrangement in any case except criminal matters or family law matters. The most common cases are personal injury claims and some types of deceased estate matters.<\/p>\n\n\n\n<p>Generally speaking, if your lawyer has decided to take your case on a \u2018no win \u2013 no fee\u2019 basis, you only need to pay your lawyer if the case succeeds (typically, out of the final settlement money). A successful outcome means your lawyer is able to obtain compensation for you, or if your case goes to trial, a judgement of a court or tribunal is in your favour.<\/p>\n\n\n\n<p>If on the other hand, your lawyer cannot obtain any compensation for you, then you will not need to pay legal fees under a \u2018no win \u2013 no fee\u2019 agreement. However, you should note that even if your case is lost, a law firm is still entitled to recover their outlays (also known as disbursement). These are monies the law firm has spent in pursuing your claim and include court filing fees, the cost of expert reports and barristers\u2019 fees etc.<\/p>\n\n\n\n<p>In addition, where your case cannot be settled out of court,&nbsp; you can instruct your lawyer to issue proceedings in trial. The risk here is that if your lawyer loses your case in court, you will be legally required to pay the other party\u2019s legal costs regardless of whether you have a \u2018no win \u2013 no fee\u2019 costs agreement with your own lawyer.<\/p>\n\n\n\n<p>The Act has imposed certain requirements on the form and content of the \u2018no win \u2013 no fee\u2019 agreement, in particular, the agreement:-<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Must set out what constitutes a \u2018successful outcome\u2019 of the matter;<\/li><li>May provide for outlays to be paid (possibly with interest) irrespective of the outcome of the matter;<\/li><li>My provide for payment of an \u2018uplift fee\u2019;<\/li><li>Must be in writing, in clear language and signed by the client;<\/li><li>Must contain a statement that the client has been informed of his\/her right to seek independent legal advice before entering into the agreement;<\/li><li>Must contain a cooling -off period of not less than five clear business days during which the client, by written notice, may terminate the agreement.<\/li><\/ul>\n\n\n\n<p>Therefore, before you enter into a \u2018no win \u2013 no fee\u2019 agreement,&nbsp; it is wise to check if the agreement has complied these requirements to avoid anything unexpected in the end.<\/p>\n\n\n\n<p>We will introduce and talk about what is an \u2018uplift fee\u2019 and the \u201850\/50\u2019 rule in our next article.<\/p>","protected":false},"featured_media":357,"template":"","class_list":["post-673","news","type-news","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What you should know about \u2018no win - no fee\u2019 costs agreement? - Law Lawyers &amp; Associates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lawlawyers.com.au\/zh\/news\/contrary-to-popular-belief-lorem-ipsum\/\" \/>\n<meta property=\"og:locale\" content=\"zh_HK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What you should know about \u2018no win - no fee\u2019 costs agreement? - Law Lawyers &amp; Associates\" \/>\n<meta property=\"og:description\" content=\"The \u2018no win \u2013 no fee\u2019 agreement is a conditional costs agreement. 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