LEGAL NOTICE FOR MANAGEMENT DISPUTE
Legal proceedings always create an apprehension of different sorts in the minds of the management of business, which may be a Company, a Partnership Firm, a Sole proprietorship or any other form. A legal notice comes with an ultimatum of a timeline with regards to the proceedings that might be taken against a business by the sender of the notice who is the aggrieved party in this context.
A legal notice is essentially a notice sent by an advocate on the behalf of his/her client. … A legal notice is generally issued by an advocate on behalf of his/her client for the purpose of soliciting a settlement.
If you have limited or no knowledge of the law, it is imperative that you consult our top lawyers to help you draft and send a legal notice in Noida, Greater Noida and Noida Extension connect to us through Easy Drafting.
LEGAL NOTICE TO BE CONSIDER SERIOUSLY
The businesses, since the very early days of growth of economic activity have run on their “reputation,” this reputation if jeopardized in a certain manner e.g. in disputes with regards to a consumer, supplier, a bank/financial institution, government or any other stakeholder, sends a highly negative message into the market in the context of reliability of that business. Latest in the case being the predicament faced by the “Sahara” group in general and it’s Chief Subrata Roy, in particular. The questionable conduct of the group with regard to raising of investment through OFCD (Optionally Fully Convertible Debentures), through the some of its companies, having a very basic net worth which was way below the offer it had made to the market and some of the other basic flouting of rules, has landed the Organisation’s credibility and its management in a huge mess. The repercussion of such an incident is so high that in future it will be hard for the market investor to trust the organisation with its monies.
The biggest blunders start with a minor mistake of overlooking or underestimation of something important. In such cases, it is important that the Legal notices are taken seriously, and the same are dealt with utter surety and swiftness. However in order to do this in a legally correct manner, or to solve further queries that you might have about this, connect to us through Easy Drafting at Noida,Greater Noida,Noida Extention from our top lawyers.
The most important step once the business receives a legal notice is to scrutinise it from the factual and legal point of view. For doing the same, the help of a lawyer must be taken by the business, for it is the expertise of a lawyer which will set the base of further legal proceedings, depending on the recourse the business opts for.
PROTECTION OF THE MANAGEMENT
The reputation of the business is made by the kind of decision it takes. While some disputes against the business might be targeted simply as a pressure tactic and they might not have a sound legal or factual basis, some of the disputes might be targeted purely on commercial grounds, e.g. disagreements between the minority shareholders and the majority shareholders. The business must clearly expound the rationale considered by the management and the decision-making authorities like the CEO, CFO or the Board of Directors. Since the decisions move from top to bottom and make or break the standing of business in the market, the credibility of a business is managed by the kind of decisions its management takes, and it is the most important aspect of any organisation.
DETAILS TO BE STATED
It is important to note that the business must always state in a detailed manner the facts and circumstances as understood by its office and the legal basis for the decisions that were taken. In reply to the notice, the business forms the basis of the stand it will take in case the dispute escalates to the point of litigation. In that case, the reply sent by the business would both be useful for being produced as evidence in court and will form the basis of the reply against the suit filed by the other party. It is imperative that the help of a legal expert in the area of dispute is taken. We through Easy Drafting at Noida, Greater Noida, Noida Extension make you understand about the legal situation and equip you with all case requirements. Such that for any query regarding legal notice India, or any other legal matter, you are well-covered.