Asked by Erika Lansang on May 05, 2024
Verified
An advance payment made by a client to a firm or attorney to cover part of the legal fees and/or costs that will be incurred on the client's behalf is called a(n)
A) fixed fee.
B) hourly fee.
C) retainer.
D) contingency fee.
Advance Payment
Payment made before its due date, often required in contracts as a form of security or commitment.
Legal Fees
The charges or payments made to lawyers for their professional services, which can include hourly rates, flat fees, or contingent fees.
Retainer
An advance payment made by a client to a law firm to cover part of the legal fees and/or costs that will be incurred on that client’s behalf.
- Gain insight into the various types of legal costs and billing procedures.
Verified Answer
Learning Objectives
- Gain insight into the various types of legal costs and billing procedures.
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