Litigation Funding

 Litigation funding, also known as legal financing and third-party litigation funding (TPLF), is the mechanism or process through which litigants (and even law firms) can finance their litigation or other legal costs through a third party funding company. It is a form of non-recourse financing for legal disputes. In exchange for a pre-agreed share of any proceeds arising from the litigation, the funder agrees to pay some or all of the claimant's legal costs and disbursements. Disputes that attract TPF generally include commercial contracts, international commercial arbitration, class action suits, tortious claims like medical malpractice and personal injury claims, anti-trust proceedings, insolvency proceedings, and other like claims that have a calculated chance of resulting in a substantial monetary award.

https://www.fundtec.in/post/litigation-funding

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