Statistics show that company insolvencies and personal bankruptcies are on the rise. As a director, you know full well how damaging unpaid invoices can be. But should you always go chasing every
debt?
Published 31.01.2007
A customer says that you overcharged them for goods sold last year and is now demanding a refund. What’s the legal position and does it differ if they’ve found the same goods cheaper elsewhere?
Published 03.06.2019
With the credit crunch starting to bite, you’re concerned that customers might struggle to settle your invoices in full. So what’s your position if they try and offer less, “in full and final
settlement”?
Published 16.07.2008
It’s your job to negotiate new contracts on behalf of the company. In an ideal world you wouldn’t start work until the ink’s dry on the contract. But from a commercial perspective is it safe to rely
on e.g., letters of intent?
Published 31.01.2007
You know that most contracts don’t have to be in writing to be legal. But does anyone ever sue over broken verbal agreements? Is it safe to make non-written deals, knowing that you can back out later
without a problem?
Published 12.10.2005
Suppose your company is owed several thousand pounds, and you want to sue the debtor. A solicitor could do this for you but it comes at a cost. So why not tweak the figures and avoid their fees?
Published 16.09.2009
Six months ago you were persuaded to sign up with a company that told you they’d put your name in their directory guaranteeing you loads of new business. You’ve had no leads at all. What can you do?
Published 28.03.2007
A new customer placed an order with you worth nearly £5,000. Your company did the work as requested and had the goods ready on time. When he came to collect them he said he could only afford to pay
£3,000. What are your options?
Published 26.10.2005
Several invoices are outstanding and as far as you’re concerned the customer simply can’t be bothered to pay. Then out of the blue they raise a whole load of issues as to why they won’t pay. What’s
your position?
Published 18.07.2007
If your company is owed money, you’ll probably want to avoid the cost of going to court. One way to prompt quick payment is with a statutory demand. So when can it help you and will this approach
work every time?
Published 10.07.2009