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A demand letter, letter of demand, [1] (of payment), or letter before claim, [2] is a letter stating a legal claim (usually drafted by a lawyer) which makes a demand for restitution or performance of some obligation, owing to the recipients' alleged breach of contract, or for a legal wrong.
The Claims Board may not issue injunctions but can order a party to cease infringement if the parties agree. [27] The process is voluntary; once a claim is filed, respondents have a sixty day period to opt-out. [7] [28] If the respondent does not opt out, the Claims Board will make a final determination and assessment of damages, if any.
Receiving numerous cease and desist letters may be very costly for the recipient. Each claim in the letters must be evaluated, and it should be decided whether to respond to the letters, "whether or not to obtain an attorney's opinion letter, prepare for a lawsuit, and perhaps initiate [in case of letters regarding a potential patent infringement] a search for alternatives and the development ...
The "small claims court" is an informal name for the District Court when operating under its Small Claims Procedure court rules. [72] The Courts of Conscience of boroughs in the Republic of Ireland were superseded under the Courts of Justice Act, 1924 by the District Court, which operates throughout the state. [ 73 ]
The demand guarantee bridges the "gap of distrust" that exists between the parties. When the bank issues the demand guarantee, the beneficiary deals with a party whose financial strength he can trust and a party which would pay upon first demand regardless of an existing dispute between the parties on the performance of the underlying contract. [5]
First, eligible shareholders must file a demand on the board. [1] The board may either reject, accept, or not act upon the demand. If after a period of time the demand has been rejected or has not been acted upon, shareholders may file suit. [2] If the board accepts the demand, the corporation itself will file the suit.
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