Value Billing Typically Requires That the Attorney and Client Reach

question 23

True/False

Value billing typically requires that the attorney and client reach an agreement on fees based on the value of the services to the client.

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Definitions:

Enforceability

Refers to the ability of a legal agreement to be upheld or enforced in a court of law.

Quality

The degree to which a product, service, or process meets specified standards or user expectations.

Fact

A piece of information that is verifiably true and can be proven with evidence or data.

Material Fact

Any fact that is significant or essential to the subject at hand, which, if known, could influence a decision in a legal or financial transaction.