Indigenous communities in Canada can cover all the costs associated in the research, preparation, submission, and negotiation of their Specific Claims against Canada, without having to take money out of their community, or sign away large percentages of their compensation settlement through a Conditional Fee Agreement (CFA).
This risk-free solution starts with a Legal Expense Insurance Policy from a top rated insurer. The insurance policy then becomes the collateral needed to secure a line of credit with a major Canadian bank or funder. The line of credit is used to cover the costs and expenses required for researching, filing, and negotiating the Specific Claim.
All related expenses are covered within the line of credit.
Insurance Premium for the policy? Covered!
Bank interest and lending fees? Covered!
Legal fees to prepare, file, and negotiate the claim? Covered!
Research costs and expert reports? Covered!
First Nation's expenses to oversee their claim? Covered!
Travel and negotiation expenses? Covered!
Elder history recordings and testimony? Covered!
Referendum and community meetings? Covered!
Setting up the Legacy Trust for future generations? Covered!
Recouping costs for past research and legal? Covered!
When the Specific Claim is successful, the money used from the line of credit is paid back out of the compensation settlement. If the Specific Claim is not a success, then the insurance policy is triggered to pay out the line of credit. Win or lose, there is no recourse to the community.
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