Words / D / Law

damages-based agreement

noun/ˈdamɪdʒɪz beɪst əˈɡriːmənt/

C2CEFR level
90/100Rarity: very rare
TechnicalRegister

A funding arrangement under which the lawyer's fee is a share of any damages recovered.

Under the damages-based agreement the firm would take twenty-five per cent of whatever the client won.

Similar: contingency fee agreement

Topic: Litigation in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Litigation