What is the royalty structure in Pixsy’s Legal Resolution Program?
- Last updated on March 31, 2022 at 3:05 PM
US cases pre-lawsuit stage are defined as 50% gross of settlements. This means that Pixsy and our legal partner recover 50% of the settlement, and you will always receive a full 50% of an eventual resolution.
The royalty structure in our US lawsuit resolution program and global legal resolution programs (legal resolution outside of the US) are defined as 50% net of any settlement. This means that legal fees and expenses are deducted prior to the calculation of your 50% royalty payment.
The net royalty structure resolution program accounts for higher legal costs, the additional risk we absorb in fronting legal expenses, and enables us to continue to offer this service at no up-front cost to you.
Our payment terms are clearly defined in our Agent Authorization Agreement, which is agreed to with each case submission (and also delivered to your email immediately upon receipt of your case!). We aim to be fully transparent about fees and costs. If you have any questions please do not hesitate to contact your case manager, by replying to the email we send that is associated with the case, or contact support@pixsy.com.