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Form No. 2--Revolving
Fund Agreement between Lawyer and Client
(Revolving Fund
Agreement between Lawyer and Client)
__Date__
__NAME
OF CLIENT__
_______Address_______
Re: Client Revolving Fund Agreement
Sir / Madam:
We are pleased to propose the
following revolving fund arrangement between you and our Law Firm:
1. Commencement Date:
_____________.
2. Purpose and coverage: The
revolving fund shall operate as a trust account which shall be
administered by our Law Firm and which shall be used exclusively as
a source of fund to defray all expenses which may be incurred in all
cases and matters being handled by the Firm in your behalf.
3. Amount:
__________________________ (P____________);
4. Revolving fund replenishment: You
shall receive a request for replenishment of the fund whenever the
amount of the fund is already very low and expenses are anticipated;
5. Liquidation: You shall receive a
summary of expenses charged on the revolving fund every quarter of
the year or upon your request. The fund shall be also be subject to
liquidation at any time upon request. Any excess of the fund after
the termination of this agreement shall be returned to you.
Should the foregoing terms and
conditions be acceptable to you, please indicate your conformity by
signing on the space provided below and immediately transmitting the
original to us for our files. We look forward to a mutually
beneficial relationship and should you have any questions regarding
the foregoing, please do not hesitate to call. Regards.
LAW FIRM
By:
Managing Partner
C O N F O R M E :
CLIENT
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