Contingency Fee Agreements

question 125

Multiple Choice

Contingency fee agreements

• A) are typically used for real estate purchases, the drafting of wills, and incorporations.
• B) are not subject to any restrictions.
• C) are synonymous with retainer agreements.
• D) may result in a lawyer not receiving any legal fees for the work done on a file.
• E) must be prepared for all lawyer-client relationships.

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Definitions:

Debt-For-Nature Swaps

Financial transactions in which a portion of a developing country's foreign debt is forgiven in exchange for local investments in environmental conservation projects.

Secondary Succession

The ecological recovery process that occurs in an area where the natural vegetation has been removed or destroyed but the soil remains intact.

Large-Scale Ranching

An extensive form of agriculture operation where livestock such as cattle, sheep, or horses are raised on large tracts of land.

National Parks

Protected areas of natural or cultural significance, set aside by governments for conservation purposes and public enjoyment.