Common use of Funding Arrangements Clause in Contracts

Funding Arrangements. As explained, you will be responsible for payment of our professional fees and disbursements incurred in your case and, if unsuccessful (in the event that your instructions involve the commencement or defence of litigation), you may also be ordered to pay your opponent’s legal fees and expenses. It is therefore important that you consider the possible arrangements for funding the legal costs and expenses. In this connection, please check whether your existing insurance arrangements cover your legal costs and expenses and/or possibly your opponent’s legal costs. Even if you do not have existing insurance arrangements, you may still be able to purchase insurance for your own legal costs and/or your opponent’s legal costs. Please inform us if you wish us to investigate the possible insurance arrangements for funding legal costs you will incur.