Pactum de quota litis
A pactum de quota litis in the law of contract is an agreement by which the creditor of a sum difficult to recover promises a portion to the person who undertakes to recover it. Most often it is used in litigation, where one party provides funds for the other party's legal costs in exchange for a share of the proceeds should the case be successful.[1] In general, attorneys will abstain from making such a contract, and it is not legal everywhere (France being one example of making this kind of agreement unlawful).[2]
See also
References
- Du Plessis, Jacques, et al. The Law of Contract in South Africa. Edited by Dale Hutchison, Chris-James Pretorius, Mark Townsend and Helena Janisch. Cape Town, Western Cape: Oxford University Press, 2010.