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One of my associates based in Taiwan gave a project to Bhbaneshwar based IT company through www.scriptlance.com. The company after taking the entire amount upfront has informed my associate that they are unable to finish the project. They keep asking him for more time to complete the project and give it back. He also does not have any legal agreement to take recourse to.
How can he get out of this situation?
@ Santosh and Indrajit
Thank you for your suggestion. I have passed on the same to my associate.
I think even if there is no agreement, still the transaction can be proved using the emails, discussions, and financial transactions.
That should be sufficient for the to bring to books