It is already hard to operate a business; cash flow, customer service, competition, compliance, the list is endless. And now think of a lawsuit to that. Having a contractual dispute, IP infringement problem, or commercial disagreement, one fact is evident: A legal fight may put your company at a standstill, particularly, with regard to money. However, this is the piece of joyful news: Litigation Finance will assist you in the legal battle without leaving your company bankrupt in terms of capital.
The Real Cost of Business Litigation
When your business is involved in a law suit, you are not doing battle inside a court room; you are fighting on a number of fronts:
- Expensive legal fees
- Long litigation timelines
- Court, compliance, and expert costs
- Loss of focus, morale, and business momentum
This is even a survival matter to the startups and SMEs. Most of them close down prematurely not because they are incorrect but because they are not able to be correct.
What is Litigation Finance?
Litigation Finance: This is an intelligent legal funding option that involves a third party funding your litigation expenses in exchange of a share of the claim in case you win. In case of losing, you pay nothing.
It’s non-recourse funding:
No EMI
No collateral
No debt on your books
It allows you to pursue valid claims without impacting your working capital or operations.
How Litigation Finance Helps Business Owners
Below is how does Litigation Finance help your business navigate the legal weather:
1. Preserve Cash Flow
There is no need to take out money meant on payroll, operations and growth so as to defray a court case.
2. Level the Playing Field
Take on huge adversaries with deep pocket by being able to get the help of a professional law firm with funding.
3. Stay Focused on Your Core
By the way you all focus on growing your business and we then deal with your lawyers and your funders.
4. Mitigate Risk
Because you do not have the obligation to repay except when you win, your exposure to risks remains low.
5. Access Justice Without Delay
When your case is solid then you will be able to seek justice with funding which means no need to wait to accumulate revenue.
Common Cases Funded for Businesses:
- Breach of contract
- Infringement of intellectual rights
- Commercial disputes
- Partnership disputes or shareholder disputes
- Supplier/vendor suits
- Employment-related claims
Final Thoughts
You and your company do not have to struggle throughout the course of the lawsuit, and more so, deprive your company of its operations. Litigation Finance will provide you with the funds to pursue legal actions on the one hand and will still allow your company to prosper.
