Original Draft Of Legal Notice For Recovery Of Money
- leadindia831
- Oct 9, 2023
- 3 min read
A person may face a situation sometimes where it becomes a hard task to get his own money back from someone who owes him money, in such a situation a legal course of action can be of assistance. By sending a legal notice for the recovery of money, one will issue a formal warning to the person owing him money to repay the amount due or else a legal process would be initiated.
Legal notice for the recovery of money could be understood in simple terms as a formal communication between two parties before a legal action could be initiated to get their due payment. A Legal Notice can be sent from anyone who does business to a common individual who needs to get his due amount from a dealer to an employee, tenant, friend, company, bank, etc. For more information on the subject, it is advised that you seek legal assistance from experienced advocates near you.
Notice for recovery of money in India
As discussed above, one of the important steps for recovery of money in India is to send a legal notice. A legal notice would generally be issued by the advocate on behalf of his or her client for settlement as well as to communicate his or her client’s intention to initiate legal proceedings. A legal notice for recovery of money must include the following-
Name, description and address of the notice’s sender.
Details related to the cause of action faced by the aggrieved by the party.
Monetary relief could be claimed by the sender of the notice.
The legal basis on which a monetary relief is claimed.
Points to be remembered when drafting Legal Notice-
A legal notice will have to be drafted on the letterhead of the advocate and must be specific and proper.
The notice will have to contain addresses and contact details of the advocate.
The notice must include the date on which the notice was issued and the name, address as well as other contact details of the party to whom the legal notice was issued must also be included as well.
In case a legal notice for recovery of money is issued , the name and details of the party sending must also be mentioned.
Also, it must be mentioned in the notice as to how the right of the sender was infringed as a reason for the act and omission by the receiver of notice and the compensation which should be paid. Also, a specific amount of time is required to be specifically provided in the notice within which the reply to the notice could be sent.
The legal notice must also be signed by the advocate as well.
Conclusion
A legal notice for recovery of money could be understood as a formal intimation between two parties, warning the other party of a possible legal action which can be initiated to receive their due payment.
In order to send a Legal Notice For Recovery Of Money, it is advised that you seek legal assistance from an experienced advocate who will guide you through the proper legal procedure required to be followed and proper legal language which is required in the legal notice.
Lead India offers you an experienced team of advocates who have been successfully handling matters related to civil as well as criminal cases and can offer you appropriate advice and assistance as required. Therefore, if you wish to talk to a lawyer or seek free legal advice, you may contact us.
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