No-Cure No-Pay Law and Legal Definition
No cure no pay is a form of salvage contract in which the salvor receives no payment if s/he fails to save any property. The payment will be made under this scheme only if the party makes a successful claim.
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No cure no pay is a form of salvage contract in which the salvor receives no payment if s/he fails to save any property. The payment will be made under this scheme only if the party makes a successful claim.