11.0657 Prohibition Against Contingent Fees.

Cite as [A.S.A.C. § 11.0657]

A. It shall be a breach of ethical standards for a person to be retained, or to retain a person, to solicit or secure a LBJ contract upon an agreement or understanding for a commission, percentage, brokerage, or contingent fee, except for retention of bona fide employees or bona fide established commercial selling agencies for the purpose of securing business.

B. Every person, before being awarded an LBJ contract, shall represent, in writing, that such person has not retained anyone in violation of this subsection. Failure to do so constitutes a breach of ethical standards.

C. The representation prescribed in this subsection shall be conspicuously set forth in every contract and solicitation therefore.

History: Rule 8, eff. March 3, 1999.