Detailed Information Regarding Civil Litigation Matters
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In
NC, as in most states, each party to a law suit must bear the expenses
of their attorney fees
with some
exceptions. One
exception is if it is agreed upon in writing. Therefore, if you
are a business providing products or services for promise to pay later,
you should always have a written agreement which provides for the payment
of attorney fees if litigation is necessary. However, in most cases
the attorney’s fees are limited to 15% of the amount recovered. This
is provided by statute but it could be less depending on what is
reasonable. In certain circumstances, such as in claims for fraud or unfair and
deceptive trade practices, additional attorney’s fees can be awarded
and sometimes punitive or trebled damages.
As with all claims, there are strict time limitations. If
you feel you have a claim against another person or business entity,
you should immediately consult with an attorney to discuss your situation
so that your important rights will not be lost.
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