An article in the NY Times, illustrates the need and benefit of reducing into the fee agreement the expectations of the client and the attorney, particularly when dealing with entrepreneurs.
In the course of my practice I have often been retained by entrepreneurs to counsel them on start-ups and ongoing issues. One of the first things that I do is try to define the “scope of work” with the client and then set fees (or a fee range) based on the agreed services. I find that with entrepreneurs, regardless of industry, the best thing I as a lawyer can do is provide excellent service and reasonable certainty in fees.
Please see full article below for more information.
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Business Organization Updates, Commercial Law & Contracts Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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