Reasonable Attorney’s Fees. As used herein, the phrase " Reasonable Attorney 's Fees" shall mean fees charged by attorneys selected by Lender based upon such attorney's then prevailing hourly rates, as opposed to any amount or percentage specified by any statute then in effect in the State of Georgia. Sample 1 Sample 2 Sample 3 See All (4)
Full Answer
Are attorneys'fees included in costs and expenses?
Today’s story in the Boston Globe provides a glimpse into the kinds of disputes that that can arise when a law firm’s client believes its legal fees are too high. The story covers an arbitrator’s finding that one of Boston’s premier law firms overcharged a client by more than $540,000. The arbitrator reportedly faulted the firm for submitting “vague” invoices and for assigning ...
What are reasonable attorney fees?
Reasonable attorney fees shall be the prevailing hourly rate of the private sector, and in no event shall the hourly rate be less than $175.00 per hour. Reasonable attorney fees shall be reimbursed, with respect to the foregoing, to the party who prevails on the merits.
Why haven’t I received my attorney’s fees and costs?
Reasonable Attorney’s Fees. In the event it is necessary for Lender to retain the services of an attorney or any other consultants in order to enforce this Agreement, or any portion thereof, Indemnitor agrees to pay to Lender, in addition to Indemnitor’s other obligations to pay Lender hereunder, any and all costs and expenses, including, without limitation, reasonable attorneys …
How do I include attorneys'fees in a fee clause?
The statutes that authorize a court to award attorneys' fees between parties prescribe that "reasonable" fees shall be taxed." What con-stitutes a reasonable fee may be more or less than the client is obligated to pay the attorney. It is a determination that ultimately must be made by the court. Nor is the court simply reallocating
What are reasonable legal costs?
“Reasonable legal costs” sounds like a perfect solution to a problem where one party is required to pay the legal costs of another in order to avoid any actual or perceived excess or abuse of the payment obligation.Sep 4, 2014
How are legal fees calculated?
Eight Steps to Follow When Estimating Legal FeesStep 1: Gather Basic Data. ... Step 2: Test the Estimating System. ... Step 3: Evaluate New Matters Thoroughly. ... Step 4: Develop a Plan for the Matter. ... Step 5: Build the Estimate From the Plan. ... Step 6: Convey the Estimate to the Client. ... Step 7: Reconcile Estimates With Bills.More items...•Jan 7, 2015
What is the meaning of legal fees?
Definitions of legal fee. a fee paid for legal service. types: refresher. a fee (in addition to that marked on the brief) paid to counsel in a case that lasts more than one day.
What is the difference between fees and fee?
There's a big difference: Fee is singular and denotes a single charge, and fees is plural and denotes two or more charges.
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