Early Resolution. If we settle a matter before the filing of an answer or the demand for appointment of arbitrators or, if no answer is filed or no demand for appointment of arbitrators is made, the expiration of the time period provided for such action, we will split the proceeds as follows: First, I will be paid for my time in an amount equal to the larger between: (a) $350 per hour, and; (b) 33 1/3% of any recovery up to $1 million plus 30% of any portion of the recovery between $1 million and $2 million plus 20% of any portion of the recovery exceeding $2 million. Next, all of my expenses will be paid. My expenses include, without limitation, consultants and paralegals (for reference, my paralegal charges $150 per hour, and ▇▇. ▇▇▇▇▇ charges $150 per hour) my telephone charges, postage, courier, travel costs (including everything reasonably associated with travel, like transportation, housing, and meals, parking, and other usual and customary costs), copies, facsimile costs, court reporters and transcription costs, and data storage expenses. If funds remain, they will be sent to you. You should anticipate that in many cases, a settlement will provide you with little or no recovery of damages, but may help you in correcting your credit file. If debt is relieved or forgiven, or some other economic benefit is given to you as part of any agreement, the amount relieved will be calculated as part of the total received when we calculate our share.
Appears in 2 contracts
Sources: Retainer Agreement, Retainer Agreement