A class action retainer agreement is a document that outlines the terms of an attorney-client relationship in a class action lawsuit.
In a class action lawsuit, a group of individuals who have all been harmed by the same party or event can join together to file a lawsuit as a single plaintiff. This can often be more effective than each individual filing their own separate lawsuit.
A retainer agreement is a contract between the attorney and client that outlines the terms of the relationship, including the scope of work, fees, and other important details. In a class action lawsuit, the retainer agreement will typically outline the following:
Scope of Work: The retainer agreement will specify the scope of work that the attorney will undertake on behalf of the class. This may include research, drafting pleadings and other court documents, and representing the class in court.
Fees: The retainer agreement will specify the attorney`s fees for their services. In a class action lawsuit, the attorney will usually work on a contingency fee basis, which means they only get paid if the class receives a settlement or judgment in their favor. The retainer agreement will outline the percentage of the settlement or judgment that the attorney will receive as their fee.
Expenses: The retainer agreement will also outline any expenses that the attorney will incur while working on the case. This may include filing fees, expert witness fees, and other costs.
Confidentiality: The retainer agreement will typically include a confidentiality clause that prohibits the attorney from disclosing any information about the case to anyone who is not authorized to receive it.
Termination: The retainer agreement will outline the circumstances under which the attorney or the class may terminate the relationship.
It is important for both the attorney and the class members to carefully review and understand the terms of the retainer agreement before signing it. If you have any questions about the retainer agreement or class action lawsuits in general, it is important to consult with an experienced attorney.