What happens if I lose a No Win No Fee compensation claim?
No Win No Fee agreements are a great way to pursue a compensation claim without having to worry about the financial implications of a loss. However, it is important to understand what happens if you do lose your claim.
The first thing to note is that you will not be liable for any legal fees associated with the claim. This means that you will not have to pay any money to your solicitor for their work on the case.
The second thing to note is that you may still be liable for any costs associated with the claim. This could include things like court fees, expert witness fees, and other expenses related to the case. It is important to be aware of this before you enter into a No Win No Fee agreement.
The third thing to note is that you may be liable for the other side’s legal costs if you lose the case. This is known as an adverse costs order and it is important to be aware of this before you enter into a No Win No Fee agreement.
Finally, it is important to remember that you may still be able to pursue a claim even if you lose the case. This is known as an appeal and it is important to be aware of this before you enter into a No Win No Fee agreement.
In conclusion, it is important to understand what happens if you lose a No Win No Fee compensation claim. You will not be liable for any legal fees associated with the claim, but you may still be liable for any costs associated with the claim. Additionally, you may be liable for the other side’s legal costs if you lose the case and you may still be able to pursue a claim even if you lose the case.
