What is Pixsy's resolution fee structure?
- Last updated on May 30, 2022 at 12:49 PM
Pixsy works on a success fee basis, and we only recover compensation in the event of a successful resolution.
For Cases enforced in the United States of America:
- For Cases that are successfully enforced, Pixsy shall receive a success fee defined as 50% gross of all settlement, payments, license fees, and/or royalties that Pixsy collects or settles on Client’s behalf.
- In the event that Pixsy appoints legal counsel and files a lawsuit on behalf of Client, Pixsy shall receive a success fee defined as 50% net of all settlement, payments, license fees, and/or royalties that Pixsy or legal counsel collects or settles on Client’s behalf, after the deduction of court fees, other lawsuit-related expenses (including attorney fees) and debt collection costs.
- In the event that 100% of the attorney fees, legal costs and/or expenses are awarded as part the verdict, settlement or otherwise, Pixsy shall receive a success fee of 35% of the gross settlement.
For Cases enforced outside of the United States of America:
- For Cases that are successfully enforced, Pixsy shall receive a success fee defined as 50% net of all settlement, payments, license fees, and/or royalties that Pixsy or legal counsel collects or settles on Client’s behalf, after the deduction of court fees, other lawsuit-related expenses (including attorney fees) and debt collection costs.
- In the event that 100% of the attorney fees, legal costs and/or expenses are awarded as part the verdict, settlement or otherwise, Pixsy shall receive a success fee of 35% of the gross settlement.