Learn More about Lawsuit Funding The term used by the people that refers to any cause, suit or action which can be established or enacted by two individuals in law courts is called as a lawsuit, and it can also be defined as any proceedings produced by a party to another party in the courts of law. Litigation is the term used by the people that refers to the conduct of a lawsuit or to criminal trial, and the plaintiffs and defendants are called as litigants, while their lawyers or attorneys are called as litigators. It is definitely very expensive in filing a lawsuit and facing a trial, since it includes any other fees like fees for attorneys and because of that the people who lacks financial resources are not capable of filing such cases in court, however, in the most fortunate events there are some third party funding companies that can help them by offering legal financing or lawsuit funding. Lawsuit funding is basically defined as any mechanism or processes in which the law firms and the litigants can have the ability to pay or finance the various fees for litigation through the help of a third party funding company, and it can also be called as professional funding, litigation funding, third party funding, settlement funding or legal financing. The services offered by funding companies include providing their clients with cash advance or any financial assistance in exchange for obtaining a percentage share of the money acquired in settlements or judgment after winning a trial, but if their client loses the funding company will lose money as well, since their clients are not obligated to pay them. Obtaining a lawsuit funding or legal financing from a funding company can provide the people with benefits, such as having the ability to pay for their court filing, attorney’s fee, and litigation fees, as well as their living expense or any other personal finances; and they can also have the ability to have a fair trial or level the playing field if they are against wealthy defendants, that is if they got their lawsuit funding from a large funding company. The various qualifications of obtaining a lawsuit funding or legal financing from a certain funding company includes that the client’s case is either a personal injury from a motor vehicle accident or a case of negligence or a violation of civil rights at work, that the defendant is financially stable and is part of a large corporation, the state of residence, the background of the applicant, the sufficient margin for investment, the total amount of the damages sought, the liability of the defendant, and that the client already hired an attorney. Third party funding companies can be found in every parts of the globe, and the people who wants to find them and needs their assistance can find them through the recommendations of colleagues or through the use of the internet.