How To Draft A Legal Notice For Recovery Of Money ?

While living in a society and dealing with people at different levels, one may face situations where a certain amount of money is owed to them by some friend or relative or in a business transaction, which has not been returned, the legal course of action could be of assistance in such matters. By sending a legal notice for recovery of money, one issues a formal warning to the person who owes them money to repay the amount which is due or else the legal procedure shall be initiated. 

A legal notice for recovery of money can be taken as a formal communication between two parties before a legal action will be initiated to get their due payment. Legal Notice could be sent from anyone from a dealer to respective employee, tenant, friend, company, bank, etc. For further information on the topic, it is advised that you seek legal assistance from an experienced advocate in your area.

Rules in India for the process of recovery of money

First and foremost, one of the important steps required to be taken for recovery of money in India is to send a legal notice for the same. Legal notice will generally be issued by an advocate on behalf of his client for the matter of settlement as well as to impart the intention of his or her client to initiate the legal proceedings. A legal notice for recovery of money will include-

  • Name, description and address of the sender of the notice.
  • Details regarding the cause of action which has been experienced by the aggrieved party.
  • Monetary relief claimed by the sender. 
  • Legal grounds based on which such monetary relief was claimed. 

Points to be kept in mind while drafting a Legal Notice-

  • Legal notice has to be drafted on the letterhead of the advocate and should be specific and proper. 
  • The notice should contain addresses and contact details of the advocate as well. 
  • The legal notice has to include the date on which it was issued as well as the name, address other necessary contact details of the person to whom such legal notice is  issued has to be stated as well. 
  • If a Legal Notice For Recovery Of Money is issued from the client, his name and other necessary details shall also be mentioned.
  • It has to be mentioned in the notice, as to how the right of the sender was infringed due to the act or omission of the receiver as well as proper compensation that should be paid. A  specific amount of time must be mentioned specifically in the notice during which the reply to the notice shall be sent. 
  • The signature of the respective advocate must be mentioned as well.

Conclusion

Legal notice for recovery of money must be treated as a formal communication between the two parties, explaining to the receiver of the possible legal action which could be initiated in order to receive their due payment. 

In order to send a legal notice for recovery of money, it is advised that one must seek proper  assistance from an experienced advocate who shall be able to assist you through the necessary legal procedure involved as well as the legal language which will be appropriate for such notice.

Lead India offers you a team of advocates who have been successfully dealing with civil as well as criminal cases and could offer you appropriate advice and assistance as required on the basis of their years long experience. Hence, in case you wish to ask a legal question or seek free legal advice online, you may contact us.

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Legal Notice, Legal Notice For Recovery Of Money

 

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