Amendments to the Civil Procedure Rules 1998

21.  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.”