cost of taking legal action Flashcards
what are the different types of costs
court costs
legal represented costs
awarding costs against unsuccessful part
hidden costs, loss of reputation and enforcement reward
what are court costs
represented by the fees charged by the court service for starting a case and continuing to other stages in the procedure to trail
court fees for money claims are straight forward they are based on the amount of money claimed
what are legal representative costs
solicitors generally calculate their charges based on an hourly rate by sometimes they charge fixed fee.
charges vary between lawyers and different law firms fees are higher in major cities
what is awarding costs against unsuccessful party
the losing party is usually expected to pay the costs pf the winning party costs are often agreed as part of any negotiated settlement.
what are hidden costs, loss of reputation and enforcement award
find it difficult to get the losing party to pay the amount the court awards plus costs not everybody will be covered by insurance