Affidavit of service

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Noun (litigation): a sworn written statement made by a bearded, tattooed hippy on a fixie — the one to whom you gave your close-out notice with instructions to deliver it to your Defaulting Party — that he actually did what you asked and handed it to your counterparty at the registered address listed in your legal agreement call the purpose of serving notices. If your counterparty is not there to take delivery of the notice your bearded tattooed hippy will need to be suitably present of mind to work out how to validly effected service. If you are in doubt, give him instructions before he sets off. This is a simple but nonetheless important evidential point should you need to take legal action against your counterparty to recover sums due but unpaid.

Serving legal notices became unexpectedly fraught in the early part of 2020 during the coronavirus pandemic.

See also

• Process agent
• Section 12 (Notices) of the ISDA Master Agreement