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Remedy if LOI issued to the builder,but builder not paying to engineer
06-Sep-2023 (In Property Law)
Dear sir, I am the onwer of the site, i given LOI to builder, on that we wrote 1200 sft rate for construction of my site, and workrder order / contract order will send later. i and my wife signed on the bond paper, no notary and no witness signatures on that... now the builder attitude is not good, send money to him for my plan approval at ongole municipality, but heis not paid my amount to engineer (architect) , now he is black mailing to give money, otherwise he need to go legally, i am software guy at hyderabad, please give me advise, i hope LOI is intention but not legally bonding, or not??
The letter of intent does does not have a technical legal meaning and is used to describe aa sorts of contract. It is typically describe a letter from an employer to a contractor indicating the employers intention to enter into a formal written contract for works described in the letter. While LOI may come in many forms it is essentially a communication expressing an intention to enter into a contract at a future date. Despite everything legal remedy is always there you can file a civil suit against the builder .
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Adv. Siddhant Sharma
Delhi | 500+ Answers
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