Letter Of Demand

Welcome to the Easy Contracts Letter of demand generator

A letter of demand is a written request, often drafted by a creditor or an individual owed something of value, which formally asks for payment of a debt, the performance of an obligation, or the return of property. It is commonly used when a person fails to fulfill the terms of an agreement, such as a contract or to settle an outstanding balance for goods or services provided.

Here's why a letter of demand is important:

1. *Formal Notice*: It serves as an official notice to the debtor that they are in breach of their obligations and that the creditor is aware of this breach. It creates a formal record that such a notice has been provided.

2. *Opportunity to Resolve*: It offers the debtor one final chance to resolve the issue before legal action is taken. This can help avoid costly and time-consuming court procedures.

3. *Details of the Claim*: It provides a clear and concise summary of the claim, including what is owed, why it is owed, and the consequences of non-payment.

4. *Deadlines for Action*: It sets out a specific timeframe within which the debtor must settle the debt or dispute the claim, adding urgency to the matter.

5. *Proof of Attempted Resolution*: If legal action becomes necessary, the letter serves as proof that an attempt was made to resolve the matter amicably before resorting to litigation.

6. *Legal Pre-requisites*: In many jurisdictions, a letter of demand is a necessary step before initiating legal proceedings. It shows that the creditor has given the debtor an opportunity to make amends before involving the courts.

7. *Psychological Impact*: Receiving a formal letter of demand can have a psychological effect on the debtor, indicating the seriousness of the matter and often prompting action.

8. *Basis for Legal Action*: If the situation progresses to court, the letter can be used as part of the evidence to demonstrate that the creditor has provided fair warning and that the debtor has failed to comply with their obligations.

The Easy Contracts letter of demand is drafted clearly and simply and will suffice to evidence demand being made should you need to take any formal legal action. If you send a demand and the debtor does not perform, utilise our “Lawyer on Tap” service for efficient and professional legal assistance in taking the matter further.

Simply complete the Easy Contracts generator, pay and download your letter of demand and send it off to the party whom owes you money, keeping a record of how you send it to them in case you need to prove the sending thereof later on.sidential Lease Agreement Is Easy-Peasy With Easy Contracts!