Forfeit the token amount
8 months ago
how can i forfeit the token amount for the default of the payers as per the MOU
A.Dear Sir,
You may get issue a legal notice saying that as they have not performed their part of contract within the time limit as prescribed in the MoU as such their token amount was forfeited in your favour. Secondly, you make it clear that you are going to enter into another MoU or Sale Agreement with new party by taking token amount from him.
You may get issue a legal notice saying that as they have not performed their part of contract within the time limit as prescribed in the MoU as such their token amount was forfeited in your favour. Secondly, you make it clear that you are going to enter into another MoU or Sale Agreement with new party by taking token amount from him.
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A.Dear client,
It is necessary to peruse terms of MOU signed by you with the other party. Check if there is a forfeiture clause and then take a call
It is necessary to peruse terms of MOU signed by you with the other party. Check if there is a forfeiture clause and then take a call
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