An interest that vests only upon something occurring or not occurring. … [Read more...] about CONTINGENT RIGHT
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CONTINGENCY
A contract provision that states that something in a provision requires something to happen or not to happen. (See Contingent) For example, a purchase agreement can require the item to be purchased pass an inspection. Law Dictionary - Alternative Legal Definition An event that may or may not happen, a doubtful or uncertain future event. The quality of being contingent. A … [Read more...] about CONTINGENCY
CONTINGENT TRUST
A trust that will become operational pending certain conditions being satisfied. … [Read more...] about CONTINGENT TRUST
CONTINGENCY FEE
One type of fee arrangement for a lawyer where the lawyer gets paid a percentage of the award that is obtained for the client as a result of wining a case. This is an alternate method of payment to an hourly fee or fixed fee and is most common in personal injury cases. The client pays nothing for representation and a successful lawyer will usually receive between 25% and 40% of … [Read more...] about CONTINGENCY FEE
CONTINGENT USE
estates. A use limited in a deed or conveyance of land which may or may not happen to vest, according to the contingency expressed in the limitation of such use. A contingent use is such as by possibility may happen in possession, reversion or remainder. … [Read more...] about CONTINGENT USE