What are the minimum terms of private counsel's employment?

13 C.F.R. § 101.201
in effectEffective: 2024-07-01
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(a) Private counsel must perform all requested work in compliance with SBA's regulations, policies, and instructions, and take such action as is legally required under the Small Business Act, the Small Business Investment Act, and other laws applicable to SBA. (b) Private counsel must adhere to the highest standards of professional conduct and maintain confidentiality appropriate to the attorney-client relationship. (c) Private counsel acts under the supervision of the SBA General Counsel (and designees). (d) Private counsel usually is compensated at an hourly rate as approved by SBA. Contingency fee agreements may be used if approved by the General Counsel. (e) Either party may terminate the employment upon written notice.

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