How To Compensate For The Damage Caused

Table of contents:

How To Compensate For The Damage Caused
How To Compensate For The Damage Caused

Video: How To Compensate For The Damage Caused

Video: How To Compensate For The Damage Caused
Video: Contract Law Remedies for Breach: Damages (Compensatory, Incidental, Consequential) 2024, December
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The damage caused can be restored voluntarily or compulsorily. Regardless of the method of recovery, everything must be documented in order, if necessary, to have confirmation of the repayment of the entire amount of the debt.

How to compensate for the damage caused
How to compensate for the damage caused

It is necessary

  • - voluntary agreement;
  • - amicable agreement;
  • - application to the court;
  • - performance list;
  • - payment financial documents.

Instructions

Step 1

In case of voluntary compensation for damage, draw up a notarial agreement. Indicate the amount, terms and time of payment. A notarized voluntary agreement has the legal force of a writ of execution, so you are obliged to pay the debt without fail. In case of failure to comply with the terms of the agreement, the plaintiff has the right to contact the bailiff service with a statement, a voluntary agreement and a photocopy to demand enforcement.

Step 2

If you have settled all the questions about the restoration of damage, have reached a mutual agreement, but at the same time the claim has already been filed with the court, you have the right to write a request for a settlement agreement. The court should in every possible way contribute to the truce between the parties and close the issue of considering the case on enforced recovery of damage.

Step 3

An amicable agreement can be concluded in a notarial or simple written form, but it must be necessarily certified by a notary. This document, along with a voluntary agreement, has the same legally significant force as a writ of execution, and it can be enforced through the bailiff service.

Step 4

The impossibility of voluntary settlement of the issue of compensation for the damage caused, when neither of the parties or one of the parties plans to conclude a voluntary agreement or amicable agreement, all issues will be settled in court. On the basis of a court order, the damage caused can be recovered compulsorily.

Step 5

All funds to compensate for the damage caused must be received by postal or bank transfer to the account of the injured party, so that there is documentary evidence of the fulfillment of the obligation to repay the debt. Financial documents, checks, payment receipts must be kept for at least 5 years after the full repayment of the entire amount of debt for the damage caused.

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