There are several different ways you can attempt to settle a financial dispute other than filing a lawsuit; one of the most effective ways is through a pre-suit demand letter. Typically, an attorney drafts this formal letter on your behalf. It informs the party you are in dispute with or their attorney (if they are represented by one) that they need to take action on this issue. Pre-suit demand letters usually firmly and succinctly detail:
Pre-suit demand letters have many benefits. They can significantly decrease the amount of time required to settle a dispute. While some lawsuits take a year or more to conclude, an effective demand letter could bring the issue to a close within a matter of weeks. Without the need to pursue litigation, pre-suit demand letters also save thousands of dollars in legal expenses.
Other potential benefits of these letters include:
About 90 percent of pre-suit demand letters receive a response from the receiver or their attorney. Their response helps the sender understand the dynamics of the issue from the receiver’s viewpoint, which can also help resolve the matter. The dispute can often be resolved by a phone call or two between each party’s attorney.
If you don’t receive a response, it generally means either the other party:
In these cases, your lawyer can advise you as to the next best steps. Typically, this means if the other party doesn’t act within the deadline given in the letter, your attorney will help you file a lawsuit against them to recover what you are owed.
At Hackstaff Snow Atkinson & Griess, we understand how unpaid invoices can impact your company and the concern they cause. Our experienced attorneys have the talent and experience to draft and send effective pre-suit demand letters. We can save you time, money, and hassle by sending such letters. If a letter doesn’t bring your legal matter to a close by chance, they aren’t afraid to litigate on your behalf. Give our office a call today to learn more about how we can help.
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