Essential Facts of a Litigation
Friday, October 29th, 2010An old adage advises one to think before you speak. Nowadays, this can also apply to writing, blogging and so on while getting divorced.
Litigation Funding: Providing cash advances to plaintiffs and attorneys even before their lawsuit cases are settled. It is a contingent transaction in which litigation financing is advanced based solely on the merits of a pending lawsuit. Litigation funding is repaid only upon successful verdict or settlement of the lawsuit. If the plaintiff or attorney loses the lawsuit case, the litigation loan is never paid back to the litigation financing company.
LITIGATION – A case, controversy, or lawsuit. A contest authorized by law, in a court of justice, for the purpose of enforcing a right. Participants (plaintiffs and defendants) in lawsuits are called litigants.
A litigation attorney is most simply an attorney who specializes in litigation. Litigation is basically just a fancy legal term for the practice of carrying a lawsuit through the court process. While some attorneys prefer to handle settlements and some practices criminal law, for the most part, litigation attorneys focus exclusively on lawsuits.
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