22:44
mine also just gave up and said old
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Simple English definitions for legal terms
no cure, no pay
Read a random definition: mainpernor
A quick definition of no cure, no pay:
Term: No Cure, No Pay
Definition: No cure, no pay is a principle in maritime law that states that if a salvager is unable to salvage any material, they cannot receive compensation. This means that the salvager only gets paid if they are successful in their salvage efforts. In contrast, some legal systems award compensation even if the salvage attempt fails.
Example: If a ship sinks and a salvager is hired to retrieve the cargo, but they are unable to salvage anything, they will not receive any payment. However, if they are successful in retrieving the cargo, they will receive compensation based on the value of the material salvaged.
A more thorough explanation:
NO CURE, NO PAY
No cure, no pay is a principle in maritime law that states that if a salvager is unable to salvage any material, they are not entitled to any compensation. This means that the salvager only gets paid if they are successful in salvaging something.
For example, if a ship runs aground and a salvager is hired to help, but they are unable to salvage any of the cargo or the ship itself, they will not receive any payment. However, if they are successful in salvaging some of the cargo or the ship, they will be entitled to compensation based on the value of what they were able to salvage.
Another example would be if a salvager is hired to retrieve a sunken treasure, but they are unable to locate it or bring it to the surface, they will not receive any payment. However, if they are successful in finding and salvaging the treasure, they will be entitled to compensation based on the value of the treasure.
These examples illustrate the principle of no cure, no pay in maritime law, which ensures that salvagers are only compensated for their successful efforts in salvaging material.