SB2418 regulates contingent fee contracts for legal services by political subdivisions in Tennessee.
SB2418 amends Tennessee law to establish procedures for political subdivisions to follow when entering into contingent fee contracts for legal services. Political subdivisions must obtain approval from the attorney general and reporter before executing such contracts. The bill outlines specific information that must be provided to the attorney general and reporter, including details about the legal matter, the proposed attorney or law firm, and the reasons for using a contingent fee structure.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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