Oregon Code § 20.340·Enacted ·Last updated March 01, 2026
Statute Text
Contingent fee agreement.
(1) In any civil action arising out of bodily injury, death or property damage,
including claims for emotional injury or distress, loss of care, comfort,
companionship and society, and loss of consortium, if an attorney for a
plaintiff in respect to any civil action enters into an agreement with the
plaintiff whereby the attorney receives as a fee a percentage of the amount of
any settlement or judgment awarded to the plaintiff:
(a) The
contingent fee agreement shall be written in plain and simple language
reasonably believed to be understandable by the plaintiff.
(b) The attorney
shall explain the terms and conditions of the agreement in compliance with a
model explanation in plain and simple language prepared by the Oregon State Bar
a reasonable time before the agreement is signed.
(c) The
contingent fee agreements must contain a provision allowing the plaintiff to
rescind the agreement within 24 hours after signing upon written notice to the
attorney.
(2) Any
contingent fee agreement entered into on or after September 26, 1987, that does
not comply with the requirements of subsection (1) of this section is voidable.
[Formerly 9.400]
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