Breach of contract is a term used to refer to instances when one side of an agreement neglects or fails to do it’s obligation/s as stated by the contract. The debt collection cases referred to us at Ratchada Law Firm are both from local and international disputes. There are different scenarios that can be considered a breach in a binding contract. These cases can rise from agreements on property leases, loan contracts, labor agreements, or business disputes like when a supplier fails in providing the purchased goods or the buying party fails to make the payment for goods sold.
In Thailand, like many other countries, it is common that the parties have their legal representatives do what is necessary to make sure the dispute is settled through direct communication between the parties before any legal action has formally taken place. A large number of cases though, needs further legal action in order for the debt to be collected from the party that committed the breach. Legal system in Thailand provides a number of approaches on how to collect the debt like seizure of assets in case that the amount ruled by the court is not paid by the guilty party. It is also possible to retrieve the legal costs, losses as well as interest on the money or assets frozen due to the case.
At Ratchada Law Firm our English speaking business attorneys have years of experience in dealing with such local and international disputes with an incredible success rate. It is of utter importance to make sure that before you contact any law firm in Thailand, all possible information with regards to the case and the situation is gathered and is compiled in a sequential order to help your legal representatives in Thailand determine the approach and the strategy to move forward, should the need to provide such information to court is required. After a formal letter is sent to the party subject to the accusation for breach of contract and no formal response is provided, the cases can be taken to court for judgement.