Meaning of the word "no cure no pay" in English

What does "no cure no pay" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

no cure no pay

US /noʊ kjʊr noʊ peɪ/
UK /nəʊ kjʊə nəʊ peɪ/
"no cure no pay" picture

Phrase

a principle where a fee is only paid if a successful result is achieved

Example:
The lawyer agreed to work on a no cure no pay basis.
Many recruitment agencies operate on a no cure no pay policy.