Fixed Fee Clause Sample Clauses
A Fixed Fee Clause establishes that a specific, predetermined amount will be paid for the completion of defined work or services, regardless of the actual time or resources expended. In practice, this means the service provider receives the agreed sum upon fulfilling the contract requirements, even if the project takes more or less effort than anticipated. This clause provides cost certainty for the client and incentivizes efficiency for the provider, effectively managing budget risks and preventing unexpected expenses.
Fixed Fee Clause. This clause is a suggested alternative to Paragraph 5 (Legal Fees and Billing Practices) where the work is being performed on a fixed fee basis.
Fixed Fee Clause. Client agrees to pay a fixed fee of $ for Attorney’s services under this Agreement. The fixed fee is due by . Attorney shall have no obligation to provide services to Client until the fixed fee is paid in full. Unless Attorney withdraws before the completion of the services or otherwise fails to perform services contemplated under this Agreement, the fixed fee will be earned in full and no portion of it will be refunded once any material services have been performed.
Fixed Fee Clause. Two clauses are provided as suggested alternatives to paragraph 6 (Legal Fees and Billing Practices) where the work is being performed on a fixed fee basis. A lawyer should be aware that, in any case, a fee must be reasonable. Simply designating the fee as a “fixed fee” or a “non-refundable” fee will not be enforceable, if the fee is not reasonable under the circumstances. (See Rule 4-1.5) It is not advisable to use the term “non- refundable” because there are no true non-refundable fees in Missouri. The only fee that is not refundable is one that has been earned, taking into consideration the factors listed in Rule 4-1.5
Fixed Fee Clause. Client agrees to pay a fixed fee of $ for Lawyer's services under this Agreement. The fixed fee is due by . By pre-determining this fixed fee, Lawyer and Client believe this will constitute a reasonable fee for the contemplated services. The Client understands that his legal matter may require more effort and time or in some cases less, than contemplated as the representation begins. However, the fee will not be raised or lowered if this occurs.