Contingency Fee Representation Sample Clauses

Contingency Fee Representation. Seller is represented in the Actions by the law firm ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ LLP (“HBD”) pursuant to the contingency fee agreement (the “Contingency Agreement”). Seller has previously delivered a true and correct copy of the Contingency Agreement to Buyer. (a) The Contingency Agreement requires that Seller deposit $35,000 per month into an escrow account with HBD for the duration of the Actions in order to create a fund to pay the expenses (but not attorneys’ fees) associated with the Actions (the “Expense Obligation”). (b) The Contingency Agreement includes a process to establish the value of any non-cash recovery to Seller resulting from the Actions for the purposes of establishing HBD’s contingency recovery including provisions for arbitration of any dispute about the value of such a recovery (the “Valuation and Resolution Process”).