Guide Lines To Get Commercial Lawsuit Funding - Business Lawsuit Loan
Commercial disputes often turn into litigation, and the victim party takes the help of an expert commercial litigation attorney and turn to the courts for resolution of the dispute. Ideally you should hire an expert attorney on a contingency fee arrangement. So that, you do not have to pay your attorney unless you win or settle the case (however, a client may be charged for court costs and expenses). Contingency fee also provides a powerful motivation to the attorney to work diligently on the client case.
As you know commercial litigation takes long time to resolve & can be daunting. Litigation time can be worrisome for most of plaintiff business people. The stakes are high and future of your business may be uncertain. The financial, commercial and personal risk is always significant with the outcome, often making or breaking the plaintiff and his or her business.
Cash flow for plaintiffs involved in commercial lawsuit is critical to maintain and their financial stability is at great risk. Most of the times, expenses related to the litigation can drain the personal and business financial assets. Investors also pull away their financing because of the uncertainty of the outcome of your lawsuit. Your customers also do not take it kindly. In short, its effects are overwhelming.
Many plaintiffs businesses in this situation have no other choice but to accept a low settlement for a case that could be worth hundreds of thousands & millions.
But there is a silver lining in the dark clouds. Most of plaintiffs involved in commercial lawsuits do not realize they can get cash advance before their lawsuit case settles. This is called as commercial lawsuit funding and some times referred as commercial lawsuit loan, commercial legal finance, business litigation loan, and business lawsuit settlement cash advance, legal financing, legal funding and legal funds etc. But these are not loans because the money does not have to be paid back unless the case is won or settled.
Commercial or business lawsuit funding or legal finance is non- recourse lawsuit loan or cash advance. It carries no risk because plaintiffs owe nothing if they lose the case. Lawsuit pre-settlement funding programs provide them with immediate cash to give them and their attorney time to negotiate a larger cash settlement! Commercial lawsuit funding allows a plaintiff involved in a business or commercial lawsuit to leverage the expected settlement from his or her case to obtain the capital required now.
The advantages of using commercial litigation funding are multifold. Most important of these are:
1. When you apply for a commercial lawsuit funding or lawsuit loan from a reputed company, there is no application fee or any upfront fees involved. Also, if you are approved for funding, you are still not obligated to accept the advance.
2. It helps to maintain financial stability in cases where commercial lawsuit is impacting your firm cash flow.
3. Business lawsuit loan is based on the strength of lawsuit and how the plaintiff spends it, is unrestricted. You can use the funds:
(a) To pay down debt, maintain or invest in your business expansion,
(b) Use the cash advance for fixed and variable costs such as payroll and operating expenses. Funds can also be used to invest in the expansion of your business, which maintains the confidence of creditors, investors, and employees,
(c) Keep your personal finance and obligations in balance.
4. Commercial lawsuit loan is non-recourse so there is no risk involved. Plaintiff firm is liable for repayment only if they receive a settlement or they win at trial.
5. Amount available for commercial lawsuit funding is virtually limitless from $10,000 to well over $10 million on a single case.
Most of commercial lawsuit cases that can qualify for lawsuit funding include, but are not limited to:
(1) Fraud
(2) Breach of Contract or Contract disputes
(3) Real Estate Disputes
(4) Conversion
(5) Copyright claims
(6) Environmental Litigation
(7) Patent or Copyright infringement & other Intellectual Property
(8) Securities Fraud & Shareholder Litigation
(9) Consumer Fraud litigation
(10) Negligence
(11) Civil Conspiracy etc.
A lot of plaintiffs businesses are being forced to settle their commercial lawsuits early, for way less than they deserve because they simply can not afford to wait any longer due to their financial limitations. But with the help of lawsuit loan or legal finance, they do not need to settle for less than their case is worth.
Related Tags: finance, loan, legal, financing, cash advance, injury, lawsuit, funding, litigation, settlements
About the Author: Paul Sherman is a Legal Funding Consultant. He offers free, professional, and independent advice to plaintiffs (incl. business owners) involved in lawsuits & Attorneys. To apply for Lawsuit loan, Commercial Lawsuit funding, Law Firm loan, Attorney funding & Structured settlement funding please visit http://www.easylawsuitfunding.com
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