NO MONEY TO SUE? CONSIDER CONTINGENCY FEES
If you think you have a good legal case but can’t afford to pursue it, the Contingency Fees Act may have some good news for you. In an attempt to provide access to justice for all, it allows attorneys and advocates to enter into a “no win, no fee” agreement with you, and for you […]
ACCELERATION CLAUSES: BORROWERS (AND LENDERS) BEWARE!
An “acceleration clause” in a loan agreement (where the loan is repayable in instalments) provides that if the borrower fails to pay any one instalment, the full amount of the loan becomes due and is immediately recoverable in full by the creditor. Inserting such a provision into a loan agreement is a sensible precaution for […]