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. [Read more…]