Third Party Funding is a method used in arbitration in which a party not linked to the conflict finances all the costs of the arbitral proceedings in exchange for an economic benefit. This third-party financer can be a company that is looking to invest or could be a law firm representing a party to the conflict; there are no limitations as to who can be a financer. The funding is managed by agreement between the parties, through a private and confidential contract which is completely separate from the conflict itself. Third party funding in arbitration is a method that can open many doors, since the high costs associated with arbitration can be restrictive to many.