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  2. Engagement letter - Wikipedia

    en.wikipedia.org/wiki/Engagement_letter

    An engagement letter defines the legal relationship (or engagement) between a professional firm (e.g., law, investment banking, consulting, advisory or accountancy firm) and its client(s). This letter states the terms and conditions of the engagement, principally addressing the scope of the engagement and the terms of compensation for the firm.

  3. Retainer agreement - Wikipedia

    en.wikipedia.org/wiki/Retainer_agreement

    It is common for a person seeking the services of a lawyer (attorney) to pay a retainer ("retainer fee") to the lawyer, to see a case through to its conclusion. [2] A retainer can be a single advance payment or a recurring (e.g. monthly) payment. Absent an agreement to the contrary, a retainer fee is refundable if the work is not performed. [3]

  4. Law firm - Wikipedia

    en.wikipedia.org/wiki/Law_firm

    The U.K. had a similar rule barring nonlawyer ownership, but under reforms implemented by the Legal Services Act of 2007 law firms have been able to take on a limited number of non-lawyer partners and lawyers have been allowed to enter into a wide variety of business relationships with non-lawyers and non-lawyer owned businesses. This has ...

  5. Of counsel - Wikipedia

    en.wikipedia.org/wiki/Of_counsel

    According to American Bar Association Formal Opinion 90-357, the term "of counsel" is used to describe a "close, personal, continuous, and regular relationship" between the firm and counsel lawyer. [1] In large law firms, the title generally denotes a lawyer with the experience of a partner, but who does not carry the same workload or business ...

  6. Letter of intent - Wikipedia

    en.wikipedia.org/wiki/Letter_of_intent

    A letter of intent (LOI or LoI, or Letter of Intent) is a document outlining the understanding between two or more parties which they intend to formalize in a legally binding agreement. The concept is similar to a heads of agreement , term sheet or memorandum of understanding .

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    mail.aol.com

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  8. Letter of comfort (contract law) - Wikipedia

    en.wikipedia.org/wiki/Letter_of_comfort...

    The stronger version, the letter of comfort, indicates the parent organization's intention to support the subsidiary. [5] In the United States, there is a general presumption against the enforceability of letters of comfort. However, depending on the wording of the document, there may be legal liability under the rule of reliance. [6]

  9. Weil, Gotshal & Manges - Wikipedia

    en.wikipedia.org/wiki/Weil,_Gotshal_&_Manges

    As of 2012, one-quarter of the firm's lawyers have practiced outside the U.S. In November 2023, amid a wave of antisemitic incidents at elite U.S. law schools, Weil, Gotshal & Manges was among a group of major law firms who sent a letter to top law school deans warning them that an escalation in incidents targeting Jewish students would have ...

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