The key difference between a kickback and a contingent fee is:

Question

Quizplus · Accepted Answer

The key difference between a kickback and a contingent fee is that a kickback refers to an unlawful transaction where someone in a position of power receives an illicit payment for favorable treatment, while contingent fees are legal payments made to a professional service provider based on a contingent outcome, such as winning a legal case or completing a successful business transaction. The amount involved and whether the percentage of the gain shared is equal or not may vary in both kickbacks and contingent fees, but the legality of the transaction is the fundamental difference.

The Key Difference Between a Kickback and a Contingent Fee