Success Fee
Legal fees added to hourly billings if, in the lawyer's opinion, he deserves a bonus based on his performance. Obviously, outside the practice of law, you are unlikely to find an employee or consultant unilaterally deciding his own compensation. Even chairmen of large corporations don?t set their own compensation levels. Think of your local supermarket cashier: ?Well, today the produce is exceptionally fresh and you didn?t have to wait, so that?s an extra $10.00.? If your lawyer wants a success fee, see if he?ll give you a ?failure discount.? Ask whether he?ll agree to reduce his fee if in your sole opinion his performance was unsatisfactory. While some highly-regarded lawyers charge success fees, we believe it raises ethical questions, especially since counsel knows you, your psyche, and your finances intimately! Your state?s Cannons of Ethics may address this issue.
Question: without a written agreement for success fee, how did Richard Suen win the suit against the casino? Without the written agreement about the success fee, it is Richard Suen's words against the casino's words. How did Suen manage to win suit? I like to learn from Suen becos I wish to sue someone who promised to pay me my service fee but dishonour it after job done, and that someone refused to sign the Fees Agreement for me.
Answer: He must have had awitness
Question: What is an adequate success fee (%) to pay a corporate advisor when raising finance? I am looking to appoint a corporate advisor to help us to raise funds. I have looked at a few ones but I was wondering if anyone has experience using this type of services and what kind of fee is appropriate. Many thanks.
Answer: From your point of view ?
(I would have thought 'as little as possible')
From the advisers point of view ?
== as much as possible ...
All fees of this type are negotiable = I suggest you negotiate BEFORE appointing some-one :-)
Question: As a home buyer, is it normal to have to pay a "success fee" to the realty firm (Keller Williams wants $50)? The realtor will be paid by the seller - 2.8%
But this fee is just an extra little success fee that goes to the realty firm. Is this normal? Is $50 high or low? I know it's a small fee compared to the overall house and closing costs, but just wondering if it's some BS fee or what.
This fee would be at the time of closing.
I did not agree to pay anything yet. This is listed on the realtor buyer's agreement contract under "additional provisions"- which I haven't signed yet.
Answer: It sounds like a BS charge to me. You have a buyer realtor who is charging a fee for finding you a property that they get a commission on? Give me a break!! Just strike off all those "additional provisions" and initial them.
Question: Looking for somebody in the US who can do debt recovery service on a success fee basis? I am from Kolkata (India)
Answer: Good lock.
Question: What this mean - the success fee will be 100% of our basic charges which 10% relates to postponment of our fee?
Answer: if they win (whatever) then they weill charge you the full possible price they said they would charge, and 10% of this will be dependednt on how long you wait before you pay them that fee. so basically- theyll charge you, and pay up quick or theyll charge more.
Question: Tax advice for an unemployed individual receiving a one-time referral fee? I am currently unemployed and may receive a success fee from a seller to whom I referred a buyer. I am not employed by any company and I strictly acted as an individual helping someone out, and being financially rewarded. Estimated amount is upwards of $300,000.
I'm sure I'll need professional advice to hash out the details, but beside federal and state taxes, will I need to pay social security and/or other taxes that are common to wage earners? Currently in California. Thanks!
Answer: This is generally treated as earned income since you did do something to actually generate the income. Whether it took you several years to facilitate the transaction or your involvement was a 30-second introduction that brought the parties together really does not matter. You performed a service for which you were compensated so it's earned income and is subject to both FICA and income taxes.
You'll pay self-employment tax on the first $106,800 at roughly 14.13% plus roughly 2.67% on the balance, plus income taxes at the normal rate.
If you are receiving unemployment benefits, you must report the earnings in the claim period that you performed the service that generated the income.
Question: Has anyone had success canceling with sprint due to new fees? My mom is calling tomorrow to get the ETF fee waved, and to get our date set to tomorrow so we can port out with in the next week, because sadly at&t or verizon would be cheaper for us, for what we want and need. So I just wanted to know if anyone had success doing this because of the Regulatory fee breaching their contract?
Answer: I would make sure the new fees aren't going to be on the ATT and Verizon bills also. Often times these Regulatory and Government fees are tagged on all the carriers bills.
also ATT and Verizon charge extra for Data packages. Sprint includes Data and Text in most of their plans. Be careful you may end up paying more when you really start looking at their plans.
Question: Anybody had success against "administration fee" scams from Holland? I am being plagued many times each week by letters from apparently bogus companies in the Netherlands telling me I have won a huge sum of money (usually between £20,000 and £40,000) in something I never entered, and to receive my cheque "within 48 hours" I must send them Administration Fee (usually an amount between £10 and £25) and my cheque "will then be sent within 48 hours"but if I do not reply within a short period I will lose the cheque. The latest today comes from a firm calling itself ICFP giving an address in Regus Zen Building 3584 BH Utrecht. I am 99% certain they are all scams and send them back without the fee, saying "please deduct Administration Fee from my winnings" or else I put them straight in bin without answering. But do others have any experience of how to deal with these scams?. Does reporting them to Trading Standards or the Dutch Embassy achieve anything? Or have any of you sent of an administration fee and if so what happened thereafter?.
Answer: DON'T send them money - they are 100% Scam.
I do one of two things - either, as you said, 'Deduct the fee from my winnings'.
OR
Mark the envelope 'Unsolicited Mail - Return to sender'
Either way, I don't hear from them again.
Question: Did anyone have success with TV-all-free? I could not get it to work and cancelled with a $10 cancellation fee The company provided support, but nothing they suggested worked. My download would have taken a week. I was charged $10 to cancel. What a waste of time and money.
Answer: That sounds like a royal ripoff.
Question: How do I get out of a Change Reservation Fee for a flight? I am booked to fly American Airlines but I want to change my flight to a date two days later. They want $150 just to change the ticket AND ON TOP OF THAT they want an additional $50 to cover the extra cost of the new ticket. I have no problem paying the $50, but the change fee is outrageous. Has anyone had success getting out of this fee?
PLEASE HELP! Any loopholes or anything would be very much appreciated!!
Answer: The change fee is clearly stated in the fare rules that are given to you when you purchased the ticket. Regardless of whether you now think it's outrageous after the fact, it's something you agreed to when you bought the ticket.
I'm not aware of any reliable method of getting out of a change fee when there is a change of date. American is good at waiving the change fee when there is a schedule change, but that is usually only for same-day changes. The best I think you can do is ask if they'll waive it, but I'd expect that the answer will be no.
Question: Has anyone had success using an online bankruptcy forms preparation company? Since I have to file chapter 7 bankruptcy for some relief, I think it's understandable that I can't afford the $1300+ fee that most lawyers charge. I would like to know if anyone has used an online forms preparation company, and if they actually had success. Thanks for your help.
Answer: Legal Zoom....
That is founded by Bob Shapiro-- of the OJ Simpson criminal trial fame....
Question: Do I need to pay the court fee if I lose in fighting the ticket about running red light? I live in Somerset,NJ? My boyfriend got a ticket about running a red light. In fact, he did not run a red light, it was yellow so that we intend to fight the ticket. Is there any chance for success in our case? If we lose, do we need to pay the court fee? If we made an appointment in the court, can we cancel it without any charge? We live in Somerset, NJ. Thanks.
Answer: the laws are different for each state. but if you lose the case you will more than likely pay the court fee.
Question: How reputable are the subscription-fee agencies that find pre-foreclosures and no-credit home buying? Some financial companies are charging subscription fees and promising potential homebuyers with good income a 95% success rate in buying a home with access to their databases. Do these work? Is this reputable?
Answer: I am a realtor in Florida. I would say go to a Realtor. No charge for the buyer in most cases. Seller typically pays all fees...A good Realtor knows what properties are in foreclosure, short sale, bank owned, etc.
Question: Can someone tell me the pros and cons of flat fee MLS listing? Any particular one recommended for Louisiana? I have had my house FSBO with buyer's agent commission, but no realtors have brought anyone by. They just want me to list them as my seller's agent. I am already going to lose some money on the house, and would like to avoid the seller's commission if possible. Any ideas on flat fee MLS will be appreciated? Has anyone actually this kind of service and had success?
Answer: Flat fee vs full service is a great topic worthy of discussion and this would apply to any state.
Most consumers sellers of properties desire to get there properties sold at the highest price that will be paid in the open market.
Placing a sign in front of a home, placing a home in the MLS are only the basics.
My expereince tells me that 80% of real estate is sold by 20% of the agents consistanly year after year.
My experience with companies like "Help you Sell" I see them taking the listings, on the other hand I see many expireds and this is also the case with agents who have not had years of practicing the real estate profession.
It also depends on the market, and many markets are soft including many parishes in Louisiana.
The old adage you get what you pay for is often true with real estate.
My suggestion is to find the best of the best, talk to the agent about marketing, sales experience in the past five years and presently in 2007.
What is the agent going to do to get the property sold are key ingredients vs minimal efforts as you suggested that no agents have shown up.
If you want to discuss fee's, that is your right as the consumer.
In the end most sellers want a SOLD sign in front of the property.
Question: Are work at home jobs that ask for a fee to start legit? I've tried work at home jobs before and I was doing one where you have to make jewelry, bookmarks and things like that. They would always say the item was not made correctly, or make some other excuse so I never got paid.
Through internet research I found out about a work at home job doing clerical work, but they want me to pay a fee of $8.99 for an information and training kit (this is much cheaper than the fee I paid for the jewelry kit ($30) ). Has anyone ever done a clerical work at home job? Did you have any success? Is there a "catch" I should watch out for? Is it worth it to try?
Answer: Generally not. Before getting involved with anything of this sort, check them out at the better business bureau website.
http://www.bbb.org/
Look over even the resolved complaints to see if there is any kind of a pattern. Don't do business with any company that is not at least two years old, five is better. Every once in a while I check out the companies that send me spam just for fun. I haven't seen one that looked reputable yet.
Question: Has anyone gone through fee arbitration with the Bar Association due to excessive charges by an attorney? I have finally decided to challenge my attorney (in California). I understand they charge by the hour; however, I think they also can take advantage of us, and exaggerate their time and expenses. Apparently, there is a fee for filing for arbitration and there's no guarantee of success.
Therefore, if anyone who gone through this or know of clients who have, please share.
I
Answer: I wanted to sue my lawyer last year. I could not find another attorney who would touch the case. Even though most agreed I had a strong case against him. Goes to show you, sharks don't eat their own. Good luck
Question: Does an AuPair applicant to UK need to send to a travel agency fee for her work permit? I was offered an AuPair job in UK. Contract and employment letter were sent to my email and they instructed me to contact Success Travels Agency who then asked me to send GBP300 for the supposedly work permit... is this legitimate? Is it really a requirement for an applicant to provide the fee? Guide us please
Answer: if you do not have a job yet. you would.
Question: Have you had success selling on ebay? What are the hidden fee's? Is there a percentage fee for your starting price, is there a bigger percentage fee if the offering price gets bigger than you expected?
Thanks for your answers. The note on being charged the fee even though you don't sell anything is a great help. Also the links to the direct fee's that eBay charges has been a big help. I have noticed that this question has also opened the door to affiliate marketers, and get rich quick scams that I would consider to be spam.
Thanks for your answers. The note on being charged the fee even though you don't sell anything is a great help. Also the links to the direct fee's that eBay charges is very helpfull. I have noticed that this question has also opened the door to affiliate marketers, and get rich quick scams that I would consider to be spam.
Thanks for your answers. The note on being charged the fee even though you don't sell anything is a great help. Also the links to the direct fee's that eBay charges is very helpfull. I find the one dollar information of great use.
I have noticed that this question has also opened the door to affiliate marketers, and get rich quick scams that I would consider to be spam.
Thanks for the helpful contributions.
Answer: There are two fees charged when you list an item. One is the "Insertion fee" and the other is the other is the "Final Value Fee."
The insertion fee is charged right away when your item successfully lists on the site. It's like a "rental" for the "space" your item will be occupying on the site. This one is usually non-refundable. The Insertion fee is a percentage of your Starting Price or Reserve Price.
The second fee is the Final Value Fee which is charged only when your listing ends with a winning bidder. This fee is refundable if you and your buyer ends up canceling the transaction, your buyer ends up not paying for your item, or if your buyer becomes unregistered.
You'll see the table of fees on this page: http://pages.ebay.com/help/sell/fees.html
You may also check out this page to see how your Final Value Fee can be credited:
http://pages.ebay.com/help/sell/credits.html
Question: how pay internet fee to join eg. dating service.. i was told payfee but not having success? Simple question need simple answer
Answer: Depends on your own location. I.E. Your payment will not be accepted by site US-based dating sites if you are not in the developed countries.
You should ask the customer service of the website. If you they can't give you the exact answer, try another dating site.
More tips: http://www.millionairecupid.com
Question: Are there any online jobs out there that do not require a start-up fee? Have you had success with any of them? What are some good ones?
Answer: I work for a couple different great companies that do not require start up fees and really pay good money. Best website to check is ratracerebellion.com They do the research for you and have loads of great sites that hire work from home employees.
I work writing for Bukisa in my spare time as well. I just write up reviews for my favorite tv shows, but you can write about anything at all. You get paid each time a person views your articles. I make about $1200 a month from this place, and there are no upfront fees at all. You can go to http://inpajamajobs.com if you want to check it out.
Remember if you are asked to pay an upfront fee at any site, it most likely is a scam. Why would you have to pay someone to work for them? Best of luck to you!
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