We are entering into a compromise over a property dispute. As a settlement, some money will be given to us upfront and the rest through post dated cheques. What safeguards can we take in the agreement and what clauses can we put in.
There is always a chance of me misplacing the post dated cheques or the cheques bouncing.
i want in the agreement, a cluase , that, if for whatever reason, the money is not realized within 3 montsh of the postdated cheque date, i will be given a bank draft for the same amount or the agreement will be assumed to be entered into with malafide intent and hence stand annulled retroactively.
