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What is a Cost budget/Precedent H?

A cost budget in form Precedent H is a document used by the Court to manage the costs of parties during proceedings. For multi track cases, each party will have to file a cost budget which summarises (i) their costs incurred to date and (ii) their estimated costs to trial. If the claim is for more than £50,000 then the Precedent H will need to be more detailed than if the claim is for a lesser amount.

For explanations of further keywords & phrases used in the context of commercial disputes we’ve produced a Legal Jargon Buster.

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