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.” |