Unfortunately, disagreements may arise when exchanging goods and currency with another company. While you hope you may never need to do so, at one point you may have to write a demand letter. This is a formal letter to a business partner, sponsor, or client that you intend on taking legal action.
What Is a Demand Letter?
All business owners in Lynnwood should be familiar with a demand letter. This is a formal notice that owners often draft with the help of a business lawyer. When is a demand letter necessary? An attorney may recommend a letter to a partnering entity that fails to compensate you for exchanges of goods or services. This may be a supplier who fails to provide the mutual agreed upon exchange in a transaction. In other instances, you may be the supplier, and the client fails to pay the fee in the full amount.
What to Include in a Demand Letter
Often, a demand letter is enough to prompt the other party to honor its agreement without going to court. This partly depends, though, on the use of effective wording. Keep these following points in mind:
- Be exact and concise about what you want (i.e. payment of exactly $1,562.97)
- Have your attorney draft the letter, so he can use his firm’s official letterhead.
- Be firm but polite, and refrain from personal attacks
- Give a deadline for the recipient to respond to the letter
- End the letter by stating that you will pursue legal action if the recipient fails to respond
We’ll Help You Write a Demand Letter
Our firm will help you draft a strong letter that will hold up to scrutiny should the case go to court. Curtis and Casteel Law Group has a dedicated team of attorneys versed in writing demand letters and settling business disputes.
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