Fixed Fees
The Fixed Fee pricing structure typically applies to those in which we may provide an exact estimate of the amount of hours required for our attorneys to spend on each client’s business concerns.
This time includes the preparation of a legal memos for specific legal advice, legal memos for the pre-arbitration stage, or to draft client specific legal documents – such as a set of template contracts, demand letters, etc.
We also offer fixed and/or capped fees for legal retainer services or construction contract management services, whereupon clients may utilize as many legal options as possible. Under this fee structures, CNC forms an integrated part of the client’s internal counsel to mitigate risks and navigate clients through complicated legal issues.
Combined Fees
Combined Fees are comprised of two parts:
- Administrative Fees
- Incentive Fees.
Administrative Fees as its name reflects, are allocated toward the administrative activities that our attorneys will perform during the entire process. It involves our attorneys working with clients’ partner(s), related third-parties, competent authorities, and/or making copies of necessary documents.
The incentive fee is an reward for our attorney if and only if they could eventually bring benefits to our clients. Typical benefits includes those debt claimed, extension of time claims granted, additional Costs paid, and/or interests accrued.
Incentive Fees
The incentive fee varies greatly from case to case depending on the nature of the legal issues, the clients’ position.
Under certain circumstances where Clients are in a financial trouble or in need of securing a financial assistance from lawyers, CNC is happy to assist Clients by advancing its own costs in securing Clients’ interest.
One common situation upon which incentive fee is applicable is where Clients engage us to secure not only an outstanding debt amount to be secured but also a potential amount of interest to be accrued due to Clients’ partner failure to pay in time.
The incentive fee arrangement is getting more important in today world’s uncertain and is very much welcomed by Clients recently.