Security deposit

vijay (Querist) 25 October 2012 This query is : Resolved
Dear Experts,

I want to that what legal points should mentioned on the covering letter for taking security cheques from our customers against debt.

If such covering letter you have kindly forward me.

Thanks

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ajay sethi (Expert) 25 October 2012
consult a local lawyer . mention facts of case . what goods are ebing supplied . when will purchaser make payment . in event of failure to make payment on time company can present these cheques

Guest (Expert) 25 October 2012
If yours is a lending company, I don't think your company cannot afford even moderate fee of a lawyer for preparation of some basic and important documents to take care of appropriate law points.

Rajeev Kumar (Expert) 25 October 2012
You are able to afford a lawyer. So engage him take their services

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