An agreement whereby one party assists another in recovering money or property and in turn share in the proceeds of the action is called

Name: An agreement whereby one party assists another in recovering money or property and in turn share in the proceeds of the action is called
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Champerty is a specific type of agreement where a party (who has no direct interest in the lawsuit) agrees to finance another party's litigation costs in return for a share of the proceeds if the lawsuit is successful.

An Agreement Whereby One Party Assists Another in Recovering Money