Notice To Determine Guarantee For Faithful Service 1425 Legal Draft Template
| Category | Notices |
| Format | Rich Text |
| File name | Notice to Determine Guarantee for Faithful Service-1425.rtf |
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Notice to Determine Guarantee for Faithful Service
(Section 127 of the Indian Contract Act 1872)
To
EF (Employer)
Dear Sir
I hereby give you notice that the guarantee dated the……day of….which I executed in your favour for true and faithful service of AB of, etc., as, etc., and also for the payment of any sum that may become due to you on account of any loss or damage sustained by you by reason of any act, breach of trust, mismanagement, neglect, default or dereliction of duty on the part of the said AB while in due course of employment, is hereby revoked and determined the same being without consideration and so void. I therefore give you notice that I shall not be liable for any such loss or damage, if any, sustained by you hereafter.
Yours faithfully
Date CD (Surety)
1 The above section is based upon s. 48 of the English Act and under ss. 151,152 and 161 of the Indian Contract Act 1872.
(Section 127 of the Indian Contract Act 1872)
To
EF (Employer)
Dear Sir
I hereby give you notice that the guarantee dated the……day of….which I executed in your favour for true and faithful service of AB of, etc., as, etc., and also for the payment of any sum that may become due to you on account of any loss or damage sustained by you by reason of any act, breach of trust, mismanagement, neglect, default or dereliction of duty on the part of the said AB while in due course of employment, is hereby revoked and determined the same being without consideration and so void. I therefore give you notice that I shall not be liable for any such loss or damage, if any, sustained by you hereafter.
Yours faithfully
Date CD (Surety)
1 The above section is based upon s. 48 of the English Act and under ss. 151,152 and 161 of the Indian Contract Act 1872.