Dual Representation Disclosure Agreement

Dual Representation Disclosure Agreement

A Dual Representation Disclosure Agreement is a legal document used when an attorney or a firm represents multiple parties in a single legal matter. This agreement outlines the nature of the representation, the potential conflicts of interest, and the informed consent obtained from each party involved.

In practice, a Dual Representation Disclosure Agreement is essential in situations such as real estate transactions or family law cases, where the interests of the parties may overlap or conflict. The attorney must fully inform each client about the implications of dual representation, including the risk that the attorney may be unable to advocate fully for one party due to obligations to another.

For example, in a real estate transaction where both the buyer and seller are represented by the same attorney, the agreement would clarify that the attorney can provide general legal advice but cannot take sides if disputes arise between the parties. Each client must sign the agreement to signify their understanding and acceptance of these terms.

This agreement is crucial for maintaining ethical standards in legal practice, ensuring transparency, and protecting the rights and interests of all parties involved.