Finance Options for Civil Litigation
- Author Molly Bishop
- Published November 26, 2020
- Word count 494
We live in a world where we are dependent on each other for our various needs. While we may say that this world runs in harmony, disputes and disagreements are a common occurrence within human relationships. To resolve these disputes, we use different methods of arbitrations, mediation, and other informal means suitable for the situation. However, when the disputes are not resolved through informal methods of arbitrations and mediation, we resolve it by some laws offered by civil authorities under the country’s common legislations.
What is Civil Litigation?
Civil Litigation is a set of country’s laws that are designed for non-criminal sanctions. In other words, these laws govern the disputes between two parties in which one party has violated the rights of another party and another party is seeking remedies. A civil case is initiated when one party files a complaint against another party. Both parties are called to the civil court with their civil lawyers to offer their reasons and/or excuses for complaints. The civil laws widely cover the area of commercial laws as well. The laws surrounding the business world ensure justice in case of breach of contract and/or in any other damages to the affected parties.
The Commercial Litigation
Commercial litigation involves the laws surrounding disputes in the business world. The disputes can be anything such as breach of contract, failing to comply with governmental policies, partnership disputes, and shareholders issues. The Process of Litigation happens in various settings, from Federal Courts to Private Arbitration and Administrative Hearings. The commercial litigation proceeds can be between two individuals, between two businesses, or between business and government. However, as the laws were developed to address commercial disputes, the cost of litigation was a major source of worry for the concerning parties.
The Cost of Litigation
The cost of litigation is an intimidating factor in the process of seeking justice. Whether you were willing to file a case or defend one, the cost of hiring a civil lawyer and proceedings was something to worry about. One way to fund your cost of litigation was by yourself. This meant to bear all the expenses of hiring your litigation representative. This was a risky option as the sole responsibility of sharing the risk of losses and/or rewards of winning was on you. Hence in No Win No Fee Lawyer UK option was introduced as an alternative.
What is Commercial Litigation No Win No Fee?
No Win No Fee is an alternative to share the risk of losses with your litigation representative. There is two common No Win No Fee agreements.
1.Conditional Fee Agreement: In the Conditional Fee Agreement, your representative agrees for his expenses and charges to be payable only in specified circumstances i.e. if he/she wins the case.
2.Damaged Base Agreement: In the Damaged Base Agreement, your representative agrees to receive only a certain percentage of the compensation received by you, in case of winning, for your damages.
This meant to bear all the expenses of hiring your litigation representative. This was a risky option as the sole responsibility of sharing the risk of losses and/or rewards of winning was on you. Hence in No Win No Fee Lawyer UK option was introduced as an alternative. https://claimsspecialists.co.uk/no-win-no-fee/
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- UK Workplace Locker Laws 2025
- Pedestrian Accidents: Know Your Legal Rights from a Brownsville Personal Injury Lawyer
- Choosing the Best Greenville Injury Attorney for Workplace Injuries
- Choosing the Best Greenville Injury Attorney for Workplace Injuries
- International Shipping Made Simple with DTDC International Courier
- Choosing the Right International Shipping Services and Understanding International Shipping Rates
- Send Parcels Worldwide with a Trusted International Courier Service in Delhi
- Navigating Family Law with a Divorce Lawyer in Austin
- My employer has presented me with a Settlement Agreement. What do I do now?
- Behind Every Successful Deal: The Lawyer’s Role in M&A Strategy
- Why You Need a Personal Injury Attorney in Seattle After an Accident
- Why You Need a Local Irvine Personal Injury Lawyer After an Accident
- Why Local Expertise Matters: Benefits of Hiring an Indiana Car Accident Lawyer
- Why Foreclosure Defense Matters
- How Personal Injury Lawyers in North Charleston Handle Insurance Companies
- From Your Home to Anywhere – Reliable Global Shipping Solutions
- Temporary WiFi and Data Analytics in Events
- How an Okatie Car Accident Lawyer Can Help with a Hit-and-Run Case
- Content Analysis: Uncovering the Hidden Meaning
- criminal defense attorney irvine
- 7 Mistakes to Avoid When Hiring a Personal Injury Lawyer in Clearfield
- 10 Signs You Need a Personal Injury Lawyer in Rockford
- Why You Should Hire a Personal Injury Lawyer in Tampa After an Accident
- Canada’s Regions Blocking Low-Wage LMIAs
- How the IRS Is Changing and Why You Need a Tax Attorney Now More Than Ever
- When to Call a Car Accident Lawyer in San Antonio After a Wreck
- What to Expect During Your First Consultation With a New Haven Personal Injury Lawyer
- How a Waterbury Auto Accident Lawyer Can Maximize Your Settlement
- Contracts That Win: Why Legal Precision Is Key to Business Success
- How the IRS Is Cracking Down on Tax Debt (And What You Can Do About It)