Common use of Fee Advance Clause in Contracts

Fee Advance. We will begin work under this agreement upon receipt of a fee advance of $_____, which we will hold on your behalf in escrow in our firm’s trust account. You agree to maintain your trust balance at $______ throughout the representation. Any unearned portion of the escrowed funds will be refunded at the conclusion of the case, or at such time as you elect to terminate our relationship for any reason prior to settlement or conclusion of your case. As the case progresses, we may determine that additional fee advances are appropriate or that your trust balance should be adjusted. We reserve the right to require an additional fee advance in the future and to require that you maintain your trust balance at a higher amount.