Fee Agreement – Hourly (Real Estate)
1. Parties and Matter
- Law Firm: [FIRM NAME], [ADDRESS].
- Client: [CLIENT NAME], [ADDRESS].
- Matter: Real estate services for [PURCHASE/SALE/LEASE/DISPUTE].
2. Hourly Rates and Billing Increments
Rates (subject to periodic adjustment with [NUMBER] days' notice):
- Partners: $[RATE]/hour
- Senior Associates: $[RATE]/hour
- Associates: $[RATE]/hour
- Paralegals/Legal Assistants: $[RATE]/hour
Minimum billing increment: [0.1] hour.
3. Retainer Deposit
Client will pay an initial retainer of $[AMOUNT], deposited in the Firm's trust account. The Firm will apply the retainer to fees and costs as billed. Client agrees to replenish the retainer to $[MAINTAINED AMOUNT] within [NUMBER] days of request.
4. Invoicing and Payment Terms
- Invoices issued: [MONTHLY/BIWEEKLY].
- Payment due within [NUMBER] days.
- Past-due balances accrue interest at [RATE]% per month or the maximum lawful rate.
5. Costs and Expenses
Client is responsible for costs such as filing fees, recording fees, service of process, and third-party vendor charges. Costs over $[AMOUNT] require prior approval unless needed to protect Client's interests.
6. Client Responsibilities
Client agrees to provide complete and accurate information and timely decisions.
7. Termination
Client may terminate at any time. The Firm may withdraw as permitted by applicable rules. Upon termination, Client is responsible for fees and costs incurred through termination. Any unearned trust funds will be refunded after final accounting.
8. Fee Dispute Resolution
Fee disputes will be submitted to any required bar fee dispute program prior to court action.
9. Governing Law and Venue
This Agreement is governed by the laws of [STATE], venue in [COUNTY], [STATE].
10. Signatures
| Party | Signature | Date |
|---|---|---|
| [CLIENT NAME] | __________________________ | __________ |
| [ATTORNEY NAME], [FIRM NAME] | __________________________ | __________ |