Document background
The Settlement Demand Letter is a crucial document in Swiss commercial and civil practice, used when formal attempts to collect a debt or resolve a dispute are necessary. It serves as a prerequisite to legal action under Swiss law, demonstrating good faith attempts to resolve the matter before court proceedings. The document must be crafted in compliance with Swiss legal requirements, particularly the Swiss Code of Obligations and the Debt Enforcement and Bankruptcy Act. A well-drafted Settlement Demand Letter includes clear identification of parties, precise claim details, payment terms, and deadline for response, while maintaining the possibility of amicable resolution. It's particularly important in Swiss jurisdiction as it can affect subsequent legal proceedings and debt enforcement actions.
