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Conditional Fee Agreement Template for Nigeria

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Key Requirements PROMPT example:

Conditional Fee Agreement

"I need a Conditional Fee Agreement for a commercial litigation case in Lagos, Nigeria, where our law firm will represent a manufacturing company in a contract dispute, with a success fee of 25% only payable if we secure damages exceeding 50 million Naira."

Document background
The Conditional Fee Agreement is a crucial document in Nigerian legal practice that enables access to justice by allowing clients to pursue legal claims without upfront payment of full legal fees. This agreement type is particularly valuable when clients have meritorious claims but limited financial resources. The document details the scope of legal services, success criteria, fee structures, and risk-sharing arrangements between legal practitioners and clients. It must comply with Nigerian legal requirements, including the Legal Practitioners Act and Rules of Professional Conduct. The agreement typically includes provisions for basic fees, success fees (usually a percentage uplift), treatment of disbursements, and termination rights. Used primarily in litigation matters, it provides clarity on payment obligations while ensuring professional standards are maintained.
Suggested Sections

1. Parties: Identification of the legal practitioner/law firm and the client

2. Background: Context of the agreement, including the nature of the legal matter for which services are being provided

3. Definitions: Definitions of key terms including 'success', 'basic fees', 'success fee', and other relevant terms

4. Scope of Legal Services: Detailed description of the legal services to be provided under the agreement

5. Success Criteria: Clear definition of what constitutes 'success' in the matter and triggers the conditional fee

6. Fee Structure: Breakdown of basic fees, success fee percentage, and calculation method

7. Payment Terms: Terms and timing of payment, including when success fee becomes payable

8. Costs and Disbursements: Treatment of court fees, expert fees, and other disbursements

9. Client's Obligations: Client's responsibilities including providing information and cooperation

10. Termination: Circumstances under which the agreement can be terminated and consequences

11. Governing Law: Confirmation that Nigerian law governs the agreement

Optional Sections

1. Counsel Fees: Include when external counsel may be required, detailing how their fees will be handled

2. Insurance Arrangements: Include when after-the-event insurance is being arranged for the case

3. Multiple Proceedings: Include when the matter might involve multiple proceedings or appeals

4. Third Party Funding: Include when third-party funding might be involved in the case

5. Settlement Provisions: Include detailed settlement provisions when the case is likely to settle

6. Multi-Party Proceedings: Include when multiple clients are party to the same CFA

7. Risk Assessment: Include when a detailed risk assessment has been conducted and needs to be referenced

Suggested Schedules

1. Schedule 1 - Scope of Work: Detailed breakdown of the legal work to be undertaken

2. Schedule 2 - Fee Calculations: Detailed methodology for calculating basic fees and success fees

3. Schedule 3 - Disbursements: List of anticipated disbursements and their treatment

4. Schedule 4 - Risk Assessment: Detailed risk assessment and justification for success fee percentage

5. Appendix A - Client Care Letter: Standard client care information and complaints procedure

6. Appendix B - Case History: Summary of case history and work done to date, if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






























Clauses



























Relevant Industries

Legal Services

Financial Services

Insurance

Oil and Gas

Banking

Manufacturing

Real Estate

Construction

Technology

Healthcare

Telecommunications

Mining

Retail

Agriculture

Transportation

Relevant Teams

Legal

Finance

Risk Management

Compliance

Operations

Business Development

Corporate Affairs

Strategy

Commercial

Procurement

Relevant Roles

General Counsel

Legal Director

Chief Legal Officer

Head of Legal

Legal Operations Manager

Chief Financial Officer

Risk Manager

Compliance Officer

Business Development Director

Contract Manager

Finance Director

Managing Partner

Litigation Partner

Senior Associate

Legal Project Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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