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Legal service India => Partnership / Contract laws => Topic started by: An on August 07, 2017, 02:24:12 AM

Title: Breach of verbal agreement
Post by: An 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?
Title: Re: Breach of verbal agreement
Post by: sahibsingh94 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.