This damage-based agreement is dated 24 November 2024

PARTIES

(1)            PARTY_1_NAME whose principal place of business is at PARTY_1_ADDRESS_SINGLE_LINE (the Clients)

(2)            PARTY_2_NAME whose principal place of business is at PARTY_2_ADDRESS_SINGLE_LINE (the Representatives)

BACKGROUND

(A) This is a Non-Contentious Business and a Damages-Based Agreement pursuant to Section 57 of the Solicitors Act 1974 and Section 58AA of the Courts and Legal Services Act 1990, and the Damages-Based Agreements Regulations 2013 (SI 2013/609) respectively.

1.              Interpretation 

Costs: The sum payable for the time that we have spent on your case, The charges shall be calculated hourly at the rate of CURRENCYRATE. Please note that this hourly rate is inclusive of VAT. 

Expenses: The sum payable in connection with the pursuit of your claims, including the cost to instruct third parties, such as experts and barristers, and our disbursements as set out in section 9.3 of this agreement.

Lose: In the event where the tribunal decides against you in respect to all of your claims and that no settlement is reached between you and the opposition party. 

We: PARTY_2_NAME

Win: In the event where the tribunal decides in favour of one or more of your claims, or that you decide to accept an offer of settlement with the opposing party.

If a decision is made in favour of you, you may also receive other non-cash benefits as well as financial compensation. Any non-cash benefits will also be included as part of the assessment for the purposes of calculating your payment to us.

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