Kelly reported in early 2023 that engagement letters specify the terms of agreements reached by expert witnesses and the clients who retain them. Properly drafted engagement letters are binding contracts.
Experts may need to rely on engagement letters when a client refuses to pay for services. A recent lawsuit by an expert witness against Twitter following its takeover by Elon Musk demonstrates the importance of a well-drafted engagement letter.
The expert service provider’s litigation against Twitter underscores the importance of a well-drafted engagement letter. Experts should consider having a lawyer prepare a model engagement letter that they can use to assure they receive timely payment after providing expert services to a client.
Read the full article on the Musk-Twitter episode.
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