How Important is the 'No Win No Fees' Agreement?
How Important is the 'No Win No Fees' Agreement?
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How Important is the 'No Win No Fees' Agreement?
By: Marie
Posted: Jul 13, 2010
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The 'no win no fees' agreement is synonymous with accident claim and personal injury cases over the years. However, not everyone knows everything about this agreement and how it works. In general terms, it is an arrangement between the client and the lawyer. The lawyer takes the case with the agreement that if they lose the case, the client have no financial obligations to the lawyer - as the term implies 'no win no fee.'
What will happen if you win? If you are successful in your case, you will receive the full monetary award from the defendant and your lawyer is entitled to have their standard fee and an added payment. The additional payment is known as the 'success fee.' This fee must not be greater than the standard fee.
Who will pay for the bills? In the 'no win no fees' personal injury lawsuits, the claim will be awarded by the negligent party or the Courts. The negligent party is also responsible in paying all the legal expenses incurred during the litigation. The legal expenses include uplift expenses. In any case, you have to keep a record throughout the procedure so that you will be reimbursed properly on your expenses. You might thought that most of your compensation will go to that lawyer's fee. No, you will take the entire compensation award from the Court.
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It is also helpful to check your current insurers if you are covered for the legal expenses insurance. This is referred as the Before the Event Insurance or the BTE. There are lots of policies that cover this as part of the car insurance or the household insurance. Make sure that you have the BTE insurance if you make the 'no win now fee' personal injury claim because it can cover all your legal expenses, whether you will win or lose.
When can you process your 'no win no fee' claim? These claims are made in different accident cases where the victim is not responsible for the mishap. This risk-free service covers the accidents in school, in the road traffic, at work, or on the defective products. This claim can be made by pedestrians, cyclists, drivers, passengers, workers, and patients. You can also process the 'no win no fees' claim if the accident happens in your work place. You and your solicitor have to prove that your employer is negligent and your company is responsible for it. You can sue your employer if he denies your claim and if your work place does not adhere on the safety regulations and rules.
The no win no fee agreement is really helpful to every victim in any personal injury cases. The fact that they are the injured party, they have all the rights to make use of the free services and the chance to hire an experienced personal injury attorney to handle their case. Not only this agreement is helpful to them but, it gives them the assurance that they can win their case even if they do not have the enough financial resources. It is one way of showing equal justice on the negligent party.
Marie - About the Author:
To know more about No Win No Fees visit http://www.personalinjuryportal.com
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