CONTINGENCY FEE AGREEMENT
This agreement is a legally binding contract between you and
Rapid Accident Management Legal Services Ltd.
Agreement Dated ..................
You, the client.................................. We, the Agent: Rapid Accident Management Legal Services Ltd.
What is covered by this agreement:Your claim for compensation from the Criminal Injury Compensation Authority (the “Authority”) regarding personal injury and / or loss suffered on
What is not covered by this agreement:
Any action you wish us to take in appealing a decision.
If the Authority awards you compensation you pay us a sum equivalent to 25 percent of that compensation inc VAT at the standard rate, currently 20%, which applies when the work is done. Thus we charge you 25% inclusive of VAT. You never pay us more than 25% if you win.
All claims are dealt with on a “No Win No Fee” basis and will be subject to a 25% success fee which is deducted from your final compensation Some typical examples of this are if you recover £1,000 in compensation, you will pay us £250 and receive £750.00 in compensation: If you recover £5000 in compensation you will receive £3750 and we will receive £1250 and If you receive £10000 in compensation you will receive £7500 and we will receive £2500.
If you lose the case you do not pay us anything.
If you end the agreement outside of the cooling off period and before the Authority makes a decision with regard to whether or not to award you compensation, you are liable to pay our basic costs of £118.00 per hour completed. Part hours will be charged at £11.80 for each six minutes of work. This figure will attract VAT at the standard rate, currently 20%, which will apply when the work is done.
The reason we have set the payment you make to us at this level is in view of the fact that we are taking on risk on whether or not your claim is successful and as we will wait until your claim is successful for payment of our charges rather than requiring payment either in advance or as we carry out work.
We reserve the right to charge our fees in full should you wish to withdraw once the decision process has started.
1. Our responsibilities:
We must always act in your best interests in pursuing your claim for compensation and obtain for you the best possible results subject to our duty to the rules and principles of professional conduct. We must explain to you the risks and benefits of taking or continuing to take or take any steps; we must give you our best advice about whether to accept any award.
2. Your responsibilities:
You must give us clear instructions to allow us to do our work properly; you must not ask us to work in an improper or unreasonable way; you must not deliberately mislead us; you must co-operate with us when asked;
3. What happens if you win:
If the Authority or Tribunal Court awards you compensation you pay us a sum equivalent to thirty Percent of that compensation. You agree that we may receive the compensation the third party pays to you. out of the money you agree to let us take a sum equivalent to 25% including VAT of the damages in respect of our fees. You take the rest.
4. What happens if you lose:
If you lose, you do not have to pay us anything.
5. What happens if the agreement ends before the claim is decided:
You can end the agreement at any time. You are then liable to pay us our costs incurred up to the date you end the agreement calculated at the rate, set out above under “Paying Us”
We can end the agreement if you do not keep to your responsibilities in paragraph 2. You are then liable to pay us our costs incurred up to the date you end the agreement calculated at the rate, set out above under “Paying Us”.
We can end the agreement if we believe that you are unlikely to obtain any compensation from the Authority and you disagree with us. You do not have to pay us anything.
We can end the agreement if you reject our opinion about accepting compensation from the Authority. You are then liable to pay us our costs incurred up to the date you end the agreement calculated in full.
6. What happens after the agreement ends:
After the agreement ends we will inform the Authority that we are no longer acting as your representative.
This agreement should be read in conjunction with the “Key Facts” documentation enclosed.
I hereby agree to the deduction of 25% from my damages. I authorise Rapid Accident Management Legal Services Ltd to accept receipt of the payment of damages on my behalf and to deduct 25% from my award in settlement of their fees. The balance of my damages will then be sent to me in satisfaction of my claim.
I confirm that I have been contacted in response to my initial enquiry and have not been contacted without my permission.
This Agreement is a Non-Contentious Business Agreement Between you and Rapid Accident Management Legal Services ltd
Please sign this agreement only if you agree to be bound by the terms and conditions contained herein.
If after giving us your instructions you decide that you do not wish to proceed then please advise us within 14 days of giving us your instructions so that we may close your file of papers. Requests after this period may be subject to our reasonable fees for the work we have done.
(We have attached a standard letter for your use, should you wish to exercise this option)
........................................Signed for and on behalf of Ram Legal Services
I Consent to RAM Legal Services contacting any of the people or organizations listed below in obtaining and sharing information from them in order to process my claim or to verify any of the information I have provided. The Third Party may also tell the people and organizations listed below that I have made this application and tell them of the decision in my case where appropriate:
· Police authorities in any country I may have lived in as an adult
· Medical authorities and practitioners (including Police doctors and surgeons) With Information relevant to my case;
· Department for Work and Pensions;
· HM Revenue & Customs;
· Any other person or organization with information relevant to this application;
Signed by the client:
We are an independently owned and operated claims management company
Rapid Accident Management Legal Services limited are authorised and regulated by the Financial Conduct Authority. Our registration is recorded on their website https://register.fca.org.uk Authorisation number : 832285
We offer advice and assistance to victims of Untraced Drivers and are able to act on your behalf in pursuing your application for compensation against the Motor Insurers Bureau.
Our services will include preparing your claim for presentation, advising you on documentation needed and where possible completing or obtaining these for you, lasing with the MIB in respect of your claim, arranging medical examinations and treatment, valuing your injuries, valuing your special damages and checking that any offer of an award is appropriate or adequate.
All Injury awards offered are valued using medical evidence and are offered after satisfying all of the criteria required by the Untraced drivers scheme. We have to be able to demonstrate that the incident was not your fault. We will use our skill experience and expertise to help you to achieve the appropriate settlement for your injuries.
All claims are dealt with on a “No Win No Fee” basis and will be subject to a 25% success fee which is deducted from your final compensation Some typical examples of this are if you recover £1,000 in compensation, you will pay us £250 and receive £750.00 in compensation: If you recover £5000 in compensation you will receive £3750 and we will receive £1250 and If you receive £10000 in compensation you will receive £7500 and we will receive £2500.As with all cases, there is a risk that your application could fail, in which case you will not receive compensation. However, you have entered into an agreement with us, which means that we have assessed this claim and so long as you comply with all terms and only present an honest case, then you will not have to pay our costs.
We only respond to incoming enquiries that you have made and we do not “cold call” or employ the use of marketing lists or text messaging services to contact you. We will only contact you if you have provided your details and requested that we do so. If you believe that you have been approached improperly or illegally (cold called) please advise us immediately so that we may investigate fully.
If after giving us your instructions you decide that you do not wish to proceed then please advise us within 14 days of giving us your instructions so that we may close your file of papers. Requests after this period may be subject to our reasonable fees for the work we have done. These fees are listed in our agreement for your information.
(Should you wish to cancel or dis-instruct us we have attached a standard letter for your use, you do not have to use this form and can contact us by telephone or e-mail if you prefer)
Prior to receiving any instructions from you we would like to remind you that you are free to seek legal representation wherever you choose you are also reminded that you may not require legal assistance for certain types of claim and may be able to deal with these yourself. Should you wish to retain the services that are offered to you then you do so in the full knowledge of this fact.
Uninsured Driver Claims is operated by Rapid Accident Management Legal Services Limited of which Ram Legal Services is a trading style. Rapid Accident Management Legal Services Limited is a Claims Management Company and has no affiliations with any government department and we are not the Motor Insurers Bureau. Rapid Accident Management Legal Services Limited is authorised and regulated by the Financial Conduct Authority. Rapid Accident Management Legal Services registration is recorded on the website https://register.fca.org.uk Authorisation number : 832285 . Rapid Accident Management Legal Services Limited is registered in England and Wales. Company registration number. 04259782 Registered office:1st Floor 264 Manchester Road Warrington Cheshire WA1 3RB. VAT Registration number: 785583573. ICO Registration number: Z1208268. *claims may be subject to a fee if cancelled outside the cooling off period.