For those of you who do not know what a contingency fee is, this means that when you hire a lawyer and you get the results that you wanted, only then will you pay a fee. It is also called a conditional fee in some parts of the world. Meaning, if the client loses the case and has not recovered any settlement fee or payment for damages or injuries, there is a chance that the attorney working on the case will not get paid.
Contingency fee arrangements are determined based on the kind of case that a lawyer is working on. In some events, this agreement is not applicable. Like a contingency fee patents attorneys, in this case this kind of agreement is simply impossible to have because of on main reason.
This kind of arrangement is a double bladed sword that can either benefit or be a disadvantage for the client or the lawyer. To avoid this from happening, lawyers try to protect their earnings from patent cases. They do not settle for a conditional agreement regarding their payments.
The way lawyers see it, the whole process of applying for a patent is very uncertain. There is no assurance that the result would be favorable to the client or not. The other variables in the whole process cannot be controlled and the decision of the patent examiner is something that cannot be predicted. When most lawyers tell inventors that they do not do contingency agreements, there are some unfavorable responses. But that is just how it is.
Aside from the fact that the payment would depend on the success of the trial or not, in patent cases, there has to be a financial stability and the invention must become a hit in the market before the payment will be given. However, there will never be no guarantee that it would fare well with the public. The uncertainty that this brings to attorneys is uncomfortable enough to only settle for the regular cost of their services.
The fact alone that there is chance the services will not be compensated is enough to make attorneys think many times about it. The effort and work that is given to the draft of the application alone already consumes so much time. And if inventors would ask professionals to help them without the assurance of payment, that would not seem fair at all.
TV commercials saying that an attorney would work on a case on a contingency basis can sometimes be misleading. Most of these attorneys are those who are working on personal injury cases. If not, these are the ones who are sure that the legal process they would be spending time with would have enough financial settlement to cover for a conditional payment.
If you are thinking of a patent application, you need to know the facts first. Before asking something that is impossible, be sure that you know what are things that are applicable and not in the current situation. Other attorneys might not be kind or patient enough to explain to you why a particular agreement is not possible.
Lawyers also want to have a guarantee of their own. Launching an invention cannot provide the necessary assurance that it will gain popularity and people will start buying it. A lawyer who would be willing to work for free would be impossible nowadays.
Contingency fee arrangements are determined based on the kind of case that a lawyer is working on. In some events, this agreement is not applicable. Like a contingency fee patents attorneys, in this case this kind of agreement is simply impossible to have because of on main reason.
This kind of arrangement is a double bladed sword that can either benefit or be a disadvantage for the client or the lawyer. To avoid this from happening, lawyers try to protect their earnings from patent cases. They do not settle for a conditional agreement regarding their payments.
The way lawyers see it, the whole process of applying for a patent is very uncertain. There is no assurance that the result would be favorable to the client or not. The other variables in the whole process cannot be controlled and the decision of the patent examiner is something that cannot be predicted. When most lawyers tell inventors that they do not do contingency agreements, there are some unfavorable responses. But that is just how it is.
Aside from the fact that the payment would depend on the success of the trial or not, in patent cases, there has to be a financial stability and the invention must become a hit in the market before the payment will be given. However, there will never be no guarantee that it would fare well with the public. The uncertainty that this brings to attorneys is uncomfortable enough to only settle for the regular cost of their services.
The fact alone that there is chance the services will not be compensated is enough to make attorneys think many times about it. The effort and work that is given to the draft of the application alone already consumes so much time. And if inventors would ask professionals to help them without the assurance of payment, that would not seem fair at all.
TV commercials saying that an attorney would work on a case on a contingency basis can sometimes be misleading. Most of these attorneys are those who are working on personal injury cases. If not, these are the ones who are sure that the legal process they would be spending time with would have enough financial settlement to cover for a conditional payment.
If you are thinking of a patent application, you need to know the facts first. Before asking something that is impossible, be sure that you know what are things that are applicable and not in the current situation. Other attorneys might not be kind or patient enough to explain to you why a particular agreement is not possible.
Lawyers also want to have a guarantee of their own. Launching an invention cannot provide the necessary assurance that it will gain popularity and people will start buying it. A lawyer who would be willing to work for free would be impossible nowadays.
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