(1) If a costs agreement involves an uplift fee, the law practice must, before entering into the agreement, disclose to the client in writing--
(a) the law practice's legal costs; and
(b) the uplift fee, or the basis of calculation of the uplift fee; and
(c) the reasons why the uplift fee is warranted.
(2) A law practice is not required to make a disclosure under subsection (1) to a sophisticated client.