Settlement Agreement for business dispute payment to personal account

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Settlement Agreement for business dispute payment to personal account














0















I have reached a settlement agreement arising from a dispute between two companies and the other party is requesting that I pay the settlement into a personal off-shore account of one of the directors



Previously the wording of the offer to settle included




The Sum shall be paid to Party 1 or to us as their solicitors in full
within 3 business days from the date of written acceptance of this
offer, and shall not be subject to any set-off or deduction by Party 2




We offered to pay the other partie's solicitors the amount agreed in the settlement offer as per their instructions and they have refused, instead insisting the funds be paid to the other parties directors personal bank account, As this is a dispute between two business I feel extremely uncomfortable paying an individual personal account to settle the dispute.



What rights do I have to enforce the payment method of the settlement agreement?









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    0















    I have reached a settlement agreement arising from a dispute between two companies and the other party is requesting that I pay the settlement into a personal off-shore account of one of the directors



    Previously the wording of the offer to settle included




    The Sum shall be paid to Party 1 or to us as their solicitors in full
    within 3 business days from the date of written acceptance of this
    offer, and shall not be subject to any set-off or deduction by Party 2




    We offered to pay the other partie's solicitors the amount agreed in the settlement offer as per their instructions and they have refused, instead insisting the funds be paid to the other parties directors personal bank account, As this is a dispute between two business I feel extremely uncomfortable paying an individual personal account to settle the dispute.



    What rights do I have to enforce the payment method of the settlement agreement?









    share
























      0












      0








      0








      I have reached a settlement agreement arising from a dispute between two companies and the other party is requesting that I pay the settlement into a personal off-shore account of one of the directors



      Previously the wording of the offer to settle included




      The Sum shall be paid to Party 1 or to us as their solicitors in full
      within 3 business days from the date of written acceptance of this
      offer, and shall not be subject to any set-off or deduction by Party 2




      We offered to pay the other partie's solicitors the amount agreed in the settlement offer as per their instructions and they have refused, instead insisting the funds be paid to the other parties directors personal bank account, As this is a dispute between two business I feel extremely uncomfortable paying an individual personal account to settle the dispute.



      What rights do I have to enforce the payment method of the settlement agreement?









      share














      I have reached a settlement agreement arising from a dispute between two companies and the other party is requesting that I pay the settlement into a personal off-shore account of one of the directors



      Previously the wording of the offer to settle included




      The Sum shall be paid to Party 1 or to us as their solicitors in full
      within 3 business days from the date of written acceptance of this
      offer, and shall not be subject to any set-off or deduction by Party 2




      We offered to pay the other partie's solicitors the amount agreed in the settlement offer as per their instructions and they have refused, instead insisting the funds be paid to the other parties directors personal bank account, As this is a dispute between two business I feel extremely uncomfortable paying an individual personal account to settle the dispute.



      What rights do I have to enforce the payment method of the settlement agreement?







      settlement singapore





      share












      share










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      share










      asked 2 mins ago









      Christian MarthChristian Marth

      62




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