Discount on Payment for Advance of Money
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Question
I am a lawyer who worked on a case against the National Insurance. In the fee agreement, it states that my fee will be 10% of the pension paid monthly for 15 years. I want to propose to them to give me half of the pension for two years. Is there an issue of interest in this?
Answer
Hello,
Although, in principle, there is an issue of interest for someone who gives a discount in exchange for advance payment.
However, in this case, since you have already completed your work by obtaining approval for the pension, and the payment schedule is after the work, you have the option to offer them a discount in exchange for advance payments.
Source
Shulchan Aruch, Yoreh De'ah, Siman 173