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86-3

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86-3.pdf
Question Presented: 

 

An attorney may charge interest on past due accounts for legal services with the client's agreement. Such agreement must:

  1. Be in writing;
  2. Be entered into prior to or early in the provision of legal services;
  3. Clearly state a reasonable rate of interest;
  4. Clearly set out when the account will become past due and subject to the interest charge but not less than 30 days after the billing date.