Courts "examine the reasonableness of the contingent agreement
both at the inception and as a matter of hindsight." 20 Atlantic Avenue Corp., 2009 WL 10692728 at *2.<br />A contingent fee agreement resulting in an "exceptional fee may withstand the reasonableness test if the risk of non-recovery at the outset of the contract is sufficiently high." Redlich v.
GN ReSound has also entered into a contingent agreement
to acquire the Audigy, the company said.
The IRS position is that the entire award, including attorney fees under a contingent agreement
or fee award, must be reported as income by the plaintiff and again as income by the attorney.
What is a "contingent agreement
?" It could be seen as a kickback.
"The slow pace of negotiations with the government means the best a major utility can hope for is a complex, contingent agreement
that holds them over until all these variables are settled." Results.
After the announcement was made, Willis CEO Joe Plumeri stated publicly that his firm still will not accept contingent commissions, to the uninformed; Plumeri was appearing to take the high road as he will no doubt continue to push for his view of a "level playing field," by insisting all producers share the punishment of eliminating contingent agreements
"The [lawsuit-financing] industry can no longer write contingent agreements
in the state of Ohio," Kaufmann said.