Aggrement opposed to public policy
This query is : Resolved
prachi garg
(Querist)
30 November 2013
what is meaning of champerty and maintenance in cpt mercantile law
Nikhil Kaushik
(Expert)
30 November 2013
an agreement between the party suing in a lawsuit (plaintiff) and another person, usually an attorney, who agrees to finance and carry the lawsuit in return for a percentage of the recovery (money won and paid.) In Common Law this was illegal on the theory that it encouraged lawsuits.
For eg. You have a dispute and I fund it on the basis of an agreement that you will share, lets say, 20% of the compensation received.
However, to be honest such things are now being done under the garb of contingency fees and no one is questioning it.
Maintenance is funding to defend a case where one has no interest in it.
For eg. You have a dispute and I fund it on the basis of an agreement that you will share, lets say, 20% of the compensation received.
However, to be honest such things are now being done under the garb of contingency fees and no one is questioning it.
Maintenance is funding to defend a case where one has no interest in it.
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