subject: No Win No Fee Claims - How Do They Work? [print this page] Injuries can happen at any time and anywhere and they can have a lasting brunt on the lives of the individuals, who undergo the mishap. These personal injuries might be endured due to road accidents or medical negligence or an accident at workplace or many times due to criminal injuries. However, if these wounds or damages are sustained because of someone elses negligence, then the injured party has all the legal rights to be compensated. This compensation is important as it helps to convalesce from their grievances and to recover from any fiscal loss.
Many sufferers deter from taking any legal step as they want to avoid any additional hassles and expenses. However, with the advent of no win no fee claims, the entire process of taking a legal step has become easier and less intricate. Also, known as the conditional fee agreements, these charges are brought against an individual or company because of whose negligent act an innocent person has endured any kind of damage or wounds. The contingent fee claims have been introduced to reduce the financial burden on the plaintiffs and to help them get their rightful. Unlike the earlier times, when the claimant had to pay his solicitor on an hourly basis, and had to pay him no matter what was the outcome of the case, under the contingent fee agreement the plaintiff doesnt pay the lawyers fee if the claim is unsuccessful and if he wins it, the expenses are borne by the faulty party.
Under this kind of agreement, when a claim is won, the defendant will be under the obligation to pay the granted compensation, along with the attorneys fees and other expenditure; consequently, the claimant will receive 100% compensation, without any reduction. However, if the case is lost, then the petitioner will have to bear all the costs including the defendant's lawyer fees and disbursements, along with his own solicitors payouts. However, you dont have to look at it as a drawback, as in most cases your solicitor will arrange for an after the event insurance policy so as to cover the costs if the case is lost. This way, it becomes very advantageous way to seek justice and get your due.
The fact is that under this process; both the claimant and the solicitor have plentiful benefits. However, the important point to be remembered is that these alleges should be filed within a time frame of three years, else there are chances that they become void. Remember that no win no fee claims is a significant and straightforward legal process, which you should consider, if you have decided to take legal action against the faulty party.
