In a contingency-fee contract, the principal must pay the agent prior to completion of agency.

Name: In a contingency-fee contract, the principal must pay the agent prior to completion of agency.
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In a contingency-fee contract, the agent receives a percentage of the amount recovered as their fee, but they are not paid prior to the completion of agency. They only get paid if they are successful in achieving the desired outcome for the principal.

In a Contingency-Fee Contract, the Principal Must Pay the Agent