Amendments to the Civil Procedure Rules 199821
In the Glossary—
a
after the entry for “Base rate”, insert—
Budget
An estimate of the reasonable and proportionate costs (including disbursements) which a party intends to incur in the proceedings.
; and
b
after the entry for “Exemplary damages”, insert—
Damages-based agreement
A damages-based agreement is an agreement which complies with the provisions of the Damages-Based Agreements Regulations 2013.