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Author Topic: Breach of verbal agreement  (Read 1410 times)

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Offline An

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Breach of verbal agreement
« on: August 07, 2017, 02:24:12 AM »
I took a personal loan to invest in my company wherein the co founder made a verbal agreement to pay the emi on time. This is also mentioned in a mail where he agreed to all terms and conditions. Noe he is not paying the emi even on constant reminder, emails and calls. What actions can I take against him?

Offline sahibsingh94

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Re: Breach of verbal agreement
« Reply #1 on: December 06, 2017, 03:31:35 AM »
Hi,
The validity of verbal agreements and contracts primarily depends on the facts and circumstances of each case. It is better you reach your lawyer with all the documents maybe he could find a loophole.
Sahib Gurdeep Singh
Advocate
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Offline kalaskarkk

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Re: Breach of verbal agreement
« Reply #2 on: February 02, 2018, 01:39:31 AM »
Dear Sir,

If verbal agreement is supported by mails then we can issue a legal notice to bind your co-founder in paying EMI's regularly or recovery the amounts due. If you send documents by email i am in a position to prepare legal notice.
Regards:

Kishan Dutt Kalaskar
Retd Judge and Advocate
No.74, 1st Floor, “Disley”  House,
Malleswaram, Bengaluru-560003.
Mob: 9686971935, 080-23461189
kalaskarnetra@gmail.com
Call me for clarification

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Re: Breach of verbal agreement
« Reply #2 on: February 02, 2018, 01:39:31 AM »

 

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