Secondly, in most European countries, letters do not infringe the rights of third parties, who are known to you, both of them, of an informed letter, if it is beneficial to them. An illustration of this rule can be found in a case in which the Supreme Court of France ruled that legitimate heirs could demand the reduction of a hidden gift contained in a letter signed by their author. A letter of assistance should create legally applicable rights and obligations; However, in certain circumstances, it may simply have a moral effect. This message explains what a letter is and the circumstances under which a letter can be used. The need to keep captioning letters secret can be illustrated in different legal areas. Three situations regarding the use of stripper letters can be identified as an obstacle to their validity or effectiveness. However, in some situations, it is necessary to disclose letters of support for reasons of transparency. This may be the case, for example. B, for investors or even for third parties.
Alubaf`s responsibility was whether its obligations under the letter of commitment were legally binding. Alubaf argued that the letter of commitment was not considered a binding contract; The conditionality of its funding commitments made them uncertain; its signatory to the letter did not have the power to tie him to Alubaf; and the letter had not been countersigned by Novus. Each of these arguments was rejected. Novus claimed that the letter of commitment constituted a binding contract that had been rejected by Alubaf and claimed more than $8 million in damages for the missed opportunity to earn costs that he would otherwise be earned. First, it is forbidden to use letters to change the price in certain real estate transactions. Since a portion of the total price would be included in the subsidiary letter, it would explain a lower price in the primary contract, therefore reducing the tax base. In this case, the letter would not be valid and would also be punished against the parties to the subsidiary letter and the professional author. Letters of condolence should be used to reassure the intentions of the parties, even if the intention to establish legal relations may exist, they may still not be legally enforceable. To avoid this, we must be very clear about what they want to achieve and, if it is necessary to be legally enforceable, it must be made clear in the cover letter. Following the approval of the agreement by the Alubaf Investment Commission in early May 2013, a scanned copy of the letter of commitment, printed on the Alubaf header and signed by Alubaf`s Director of Treasury and Investments, was emailed to Novus.