DE QUOTA LITIS Meaning and
Definition
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De quota litis is a Latin legal term that derives from the combination of the words "de" meaning "from" or "about", "quota" meaning "a portion" or "a share" and "litis" meaning "of the lawsuit." Together, de quota litis refers to a legal concept that involves an agreement between a lawyer and their client regarding the attorney's fee.
De quota litis, also referred to as a contingency fee agreement, is a contract whereby the lawyer's compensation is directly linked to the outcome of the lawsuit. In this arrangement, the attorney agrees to represent the client without receiving any upfront payment. Instead, the lawyer is entitled to a portion, usually a percentage, of the financial recovery obtained by the client in the case. This means that if the client loses the case, the lawyer does not receive any payment for their services.
This type of fee arrangement is commonly used in personal injury cases and other civil litigation matters where the client may not have the financial means to pay legal fees upfront. De quota litis allows individuals with limited financial resources to access legal representation and pursue their claims without incurring significant costs.
However, the specific percentage or share of the financial recovery that the lawyer is entitled to may vary depending on the jurisdiction and the terms agreed upon between the lawyer and the client. It is crucial for both parties to clearly establish and understand the terms of the de quota litis agreement to avoid any misunderstandings or disputes in the future.
Common Misspellings for DE QUOTA LITIS
- se quota litis
- xe quota litis
- ce quota litis
- fe quota litis
- re quota litis
- ee quota litis
- dw quota litis
- ds quota litis
- dd quota litis
- dr quota litis
- d4 quota litis
- d3 quota litis
- de 1uota litis
- de 2uota litis
- de wuota litis
- de auota litis
- de qyota litis
- de qhota litis
- de qjota litis
- de qiota litis
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