Florida Business Litigation–does a contingency fee make sense? 3 Points to Consider When Seeking Palm Beach Commercial Litigation Trial Lawyers

Are you involved in business litigation Palm Beach? High dollar commercial litigation Florida? If you are a business owner or a member of a Florida LLC or partnership, should you consider hiring a business litigator Boca Raton on a contingency fee. 

3 Points to Consider When Thinking About a Contingency Fee with a Business Litigator Palm Beach

1. Understand what a contingency fee is in Palm Beach commercial litigation circles.  If you, the client, who may be a partner of a Florida partnership, or a managing memberof a Florida Limited Liability Company, don’t want to pay a retainer, or monthly invoices to a business litigation lawyer Jupiter, Florida, then a contingency fee may be a way for your Florida business to save on legal expenses.  After all, a contingency fee pays a commercial litigator West Palm Beach only if there is a recovery.  If you don’t “win” a recovery, there is no legal fee for the business litigation law firm, although you are still responsible for the costs.
2. A contingency fee for your Palm Beach Gardens business dispute or high dollarcommercial litigation lawsuit may be fiscally conservative.  Why? If you have partners, or are a fiscal conservative, and are trying to keep out-of-pocket costs low this fiscal year for your Florida business, watch out !  Commercial litigation is expensive.  Espcially if you want a seasoned, trial attorney who has years of experience with Palm Beach commercial litigation. A contingency fee may assist your business with watching  your legal expenses and out of pocket expenses. Want to cap your legal expenses? You may want to consider a contigency fee. Although, be careful:  in Florida, a party to a commercial dispute can pay the other side’s attorneys fees if there is “prevailing party,” or other fee langauge, in any contract or written agreement.  That means that  you may be on the hook for the other side’s fees. Talk to your commercial dispute attorney West Palm Beach about your downside.
3. Is a contingency fee the key to the courthouse door for former employees, ex-CEO‘s or former partners?  Ex-investors owed money?  Former investors entitled to back compensation ?  Is your exit from the Florida business subject to a buy-sell agreementand you must sell your Florida business interest for “fair market value”  “back” to the company?  In Palm Beach, partnership disputes erupt, and corporations and Florida LLC’s release or fire former employees, and equity members, all the time.  Sometimes there is money on the table which clients are legally due and owed.  But individuals, such as former partners or investors, may not have the capital to “invest” in acommercial lawsuit to get what is theres.  Many entrepeneurs and business owners, orFlorida venture capitalists, while successful, have all their money wrapped up in a business or the new venture that they are working on.  They don’t have a line item in their business plan for contract attorneys or commercial litigation law firms.  But they need the firepower of a tough contract negotiator or commercial litgation attorney.  So, if you are an outgoing member, or partner, and you are owed an accounting of the business’ books & records or ……………  if you are a former member of the Board orinvestor, and you are owed severance, or back pay, or money under a contract, then a contingency fee may be the key to the courthouse door which may help you recover what is yours.

In the end, consider your “best day ” in court and your “worst day” in court ,and whether thecommercial dispute trial attorney you are thinking about hiring has the firepower and experience, and firm members, to back up your rights. And your zeal and desire to get what is yours.