§ 13-17-303 — Definitions

As used in this article, unless the context otherwise
requires:

(1) Contingent fee means a fee for legal services that is contingent in
whole or in part upon the successful outcome of the matter for which the legal
services were retained.

(2) Contingent fee contract or contract means a contract for legal
services in which the amount of the fee to be paid for the legal services depends in
whole or in part upon the successful outcome of the matter for which the services
were obtained. The term also includes any contract that specifies that fees for legal
services will be determined by a court or an arbitrator or any provision of a
settlement agreement that requires the opposing party to pay fees for legal
services directly to a private attorney retained by a governmental entity pursuant to
a contingent fee contract.

(3) Governmental entity means the state, any department or agency of the
state, and any state-sponsored institution of higher education.

Legislative History

Source: L. 2003: Entire part added, p. 925, � 1, effective August 6.