Uijeongbu Attorney | Assisting a Client in Claiming the Full Amount of a 30 Million Won Agreed Sum

An agreed sum refers to money agreed upon and fixed in promising to do something. An agreed sum may serve as evidence of a contract or function as cancellation money that reserves the right to rescind a contract, or as a penalty for breach.

When a debtor fails to perform an agreement, the lawsuit that may be brought is precisely the 🔗agreed sum lawsuit.

To bring an agreed sum claim lawsuit, evidence that can prove the fact that an agreement was made is required.

Typically, documents such as an agreement, a settlement document, or a loan certificate can be used as supporting evidence.

In an agreed sum claim lawsuit, the burden of proving the fact that 'an agreed sum exists' rests with the plaintiff.

For this reason, consulting an attorney to address the various situations that may arise can be helpful when proceeding with an agreed sum claim lawsuit.

The Uijeongbu attorney explained that the client and the defendant were hometown friends who had spent 30 years together.

The client and the defendant were hometown friends who attended elementary, middle, and high school together, and they were close friends of long standing, to the point that they had moved to Seoul together 10 years earlier.

The defendant repeatedly asked the client, a longtime friend, to lend him money, citing financial difficulties.

Because they were longtime friends, the client lent the money on the premise of a generous repayment deadline.

However, even though the agreed repayment date had long passed, the defendant did not repay, and the client ultimately came to bring this agreed sum claim lawsuit.

The Uijeongbu attorney submitted the loan certificate that had been prepared as evidence to prove that a loan of money had taken place between the client and the defendant.

However, the defendant did not repay the money and kept putting off repayment day after day, and he has now reached the point of not even answering the client's calls.

The Uijeongbu attorney argued that there had been a clear loan of money between the client and the defendant, and again emphasized the reason for bringing this claim lawsuit.