What is Caveat?
Caveat is just a preemptive measure to know on the
event of suit being initiated against you with respect to particular dispute
between the parties.
What is Caveat Petition?
Caveat petition or application could be sought be
any person who feels imminent threat of getting sued by others. Caveat Petition
must be placed before the court under whose jurisdiction caveator may be sued
by the opposite party or parties.
Lapse of Caveat
“Nothing is permanent and perpetual so the caveat”
A cause is limited with a prescribed time period. So
the caveat application. They are not ever lasting upon the opposite parties.
Any Caveat application is valid for 90 days from the date of application of
Caveat application before any court.
Most difficult part with the caveat is the time gap
of one or two days from the expected date of being sued to the actual date of
filing the suit by the opposite parties. For instance, consider you have own the
suit in the trial court, but you sense that the opponent who lost the suit
would appeal before the appeal court and decided to file a caveat application
before the appeal court to notify you on event of an appeal suit being filed or
injunction suit. There would be no problem if the caveat application is filed
without any delay. But an unforeseen incident caused a delay of 2 days to file
the caveat application then you can see an opportunity for the opponent party to
file an appeal suit within 2 days thus frustrate your caveat application.
Advantage of Caveat application:
Nothing changes the consequence of the suit
proceeding with or without your caveat application. Remember, caveat is just a
preemptive measure to know on the event of suit being initiated against you
with respect to particular dispute between the parties. So this will not prevent
your opponent to move next appeal court to settle the dispute.
The great advantage which comes with caveat
application is that no interim injunctions would be granted against you by the
appeal court without hearing you. To be simple, the appeal court or court to
which caveat application has been presented will not grant an exparte
injunction against you with respect to that particular dispute.
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