The "No Cure, No Pay" Principle

The "No Cure, No Pay" principle means that a service provider, such as a lawyer or consultant, only gets paid if they successfully achieve the desired outcome for the client. If they do not deliver the result or solve the problem, the client does not owe them any fee. This arrangement aligns the provider's incentives with the client's interests, as the provider is motivated to succeed. It offers clients reassurance that they won't pay for efforts that don't lead to a positive result, making it a risk-sharing and performance-based approach.