Non-recourse funding
Funding that is repaid only out of what the case recovers. If the case is lost, you owe the funder nothing. Most third-party litigation funding works this way, but check whether the agreement also covers the other side's costs.
Frequently asked questions
What is Non-recourse funding?
Funding that is repaid only out of what the case recovers. If the case is lost, you owe the funder nothing. Most third-party litigation funding works this way, but check whether the agreement also covers the other side's costs.
Where is the term used?
It is a general term, used in many countries.