Common Contracts
2 similar Litigation Management Agreement, Damages-Based Agreement, Terms of Business, Authority Document contracts
ContractLitigation Management Agreement, Damages-Based Agreement, Terms of Business, Authority Document • March 12th, 2021
Signing up to the Claim Everyone who wishes to become a Claimant must agree to the same documents. These are:● a Litigation Management Agreement (‘LMA’);● a Damages-Based Agreement (‘DBA’) with Harcus Parker;● our Terms of Business; and● an Authority Document, through which you will signal your agreement to the documents listed above.You can find all of the documents here. The purpose of this summary, which is not a substitute for your reading the documents in detail, is to help you understand what the documents say. The Claim Many people, principally as a result of the nationalisation of Northern Rock and Bradford & Bingley and the subsequent re-structuring of those companies, have been trapped paying high rates on their mortgages. But, if they happened to have had their mortgage with a different lender, they would as matter of course have been offered a product transfer and would generally have been treated more favourably. These people, of whom you may be one, are often referred to
Signing up to the Claim Everyone who wishes to become a Claimant must agree to the same documents. These are:• a Litigation Management Agreement (‘LMA’);• a Damages-Based Agreement (‘DBA’) with Harcus Parker;• our Terms of Business; and• an Authority...Litigation Management Agreement, Damages-Based Agreement, Terms of Business, Authority Document • December 17th, 2019 • Bradford
As with most large-scale litigation against corporate defendants, the Claim is likely to be aggressively defended and take over two years to reach a conclusion. You should also be aware of the risks set out below. We are taking significant risks in order to bring the claim. We will be working hard to win whilst also trying to keep the administrative burden on you as light as possible. We hope to be able to secure some compensation for your trouble and set a strong precedent for to ensure that other borrowers are not exploited. We want to stress, however, that we cannot guarantee a result for you and do not want to offer you false hope that we will be able to do more than try to help you. Running the case You agree to instruct us to issue a claim against your mortgage provider in the High Court. You understand that this means becoming a claimant in litigation, and that this is a formal and serious undertaking from which you cannot easily withdraw. Before joining the claim, you must indi
