When a funding application clears our conflicts checks, we ask for a detailed case memorandum and budget, including an estimated timeframe of the proceedings. This allows us to tailor-make a funding model. If the case appears to meet our funding criteria, we provide a term sheet setting out the main conditions of a potential funding agreement. During the following period of exclusivity, we conduct further due diligence. If at the end of our due diligence we approve the case for funding, we enter into a funding agreement with the client.