Ask a Law Question, Get an Answer ASAP!
Hello Ian my name is ***** ***** I will help you.
How much is owing please?Alex
But then does the contract say in writing how its going to be calculated or does it say that £26,400 is due etc?
Ok - so that was not exercised and the value as per the contract remains?
So you are owed £26,400 so far and another £10,000 in October?
You need to write and set out your losses and request payment of the £26,400 within 14 days or say you will go to Court within 14 days. You should make sure you send this signed delivery and keep a copy.
If they do not pay you then you can issue proceedings in the County Court. You can either do this online at: www.moneyclaim.gov.uk or by completing form N1 http://s3-eu-west-1.amazonaws.com/hmctsformfinder/n1-eng.pdf and take it to your local County Court.
The Court will then issue a claim which a copy will be sent to the Defendant who will have a limited time to defend it, if not you can enter Judgment and enforce.
If the claim is for £10,000 or less it will be a small claim so you will not need legal representation. Over this value you would need representation for trial. If you are claiming the £26,400 plus the £10,000 future loss then it will be what is called multi-track and you will need to be represented.
Can I clarify anything for you about this today please?
Happy to help. If I could invite you to rate my answer before you go today please, otherwise the site does not credit me for the time spent with you today. Thanks and good luck. Alex