Litigation funding, also known as legal financing and third-party funding, enables a party to litigate or arbitrate without having to pay for it, whether because they are unable to pay for it or because they do not want to.
A third party professional funder can pay some or all of the costs/expenses associated with a dispute in return for a share of the proceeds of the dispute if it is successful.
If the litigation is not successful, the funder bears the costs it has agreed to fund.
Litigation funding allows you to:
1. Eliminate risk
2. Improve cash flow
3. Take claims off balance sheet
4. Enhance your claim