Commercial litigation funding support has gained popularity these days. This innovative approach to pursuing legal claims allows plaintiffs to fight for justice legally. Irrespective of the reasons behind a dispute, you can build your case stronger to tackle challenges.
In this post, let’s start with understanding the list of people or enterprises that can avail of the said support. This information allows you to opt for litigation funding confidently.
Litigation Funding Support for Everyone in Need
It’s crucial to comprehend that anyone can opt for this support. It involves a third-party financier to fund a legal dispute. This arrangement includes attorney fees, expert witness fees, etc. If the case is unsuccessful, the investment is non-recourse. This gives flexibility to plaintiffs to consider this funding support for them.
Here Are the List of People/Enterprises that Opt for Litigation Funding
- Entrepreneurs and Startups
They often face legal challenges from disputes with suppliers and partners. Litigation funding enables them to continue focusing on growth and protect their interests through justice.
- Small to Medium Enterprises (SMEs)
These enterprises often lack the funds for legal battles. This type of funding for a breach of contract, conflict of interest, or patent infringement can be of great help.
- Law Firms
Law firms can take advantage of litigation funding. They can now undertake more cases without worrying about costs upfront.
- Large Corporations
Even large corporations may possess substantial financial resources but they can use them for the firm’s growth. And, this funding allows them to save the existing resources.
- Individuals with High-Value Claims
Litigation funding provides individuals the confidence to pursue justice. This option is valuable if you aren’t able to cover legal expenses on your own.
- Insolvency Practitioners
Insolvency practitioners may encounter legal claims. This funding allows them to initiate legal actions that can lead to more successful recoveries.
Types of Cases Covered by Litigation Funding
It can be applied to several cases like-
- Construction Disputes
- Intellectual Property Infringement
- Breach of Contract
- Shareholder Disputes
- Professional Negligence
- Antitrust and Competition Claims
Advantages of Commercial Litigation Funding
- It is the transfer of financial risk to funders. The reason is- if the case is not going to be successful, it is often non-recourse.
- It empowers claimants to enforce their rights and provides easy access to justice.
- You can preserve financial resources for other needs. This is a flexibility to maintain capital for business or personal purposes.
- Litigation funders can provide valuable insights into your case to strengthen it.
Wrapping Up
Litigation funding is a powerful tool for anyone who has lack of resources. However, anyone can opt for commercial litigation funding support to tackle cases confidently in court. From small businesses to individuals, this innovative solution allows you to pursue justice without the strain of managing funds. It can be said that one has to make an informed decision about when to apply for litigation support to avail of the required funding support.
Note that you should not pick any agency randomly to obtain funds. Check reviews and other prospects to finalise a top-rated funder to discuss your case. You may even consider the support of one of the reputed international funders to arrange the required funds. Hurry up!