|
|
|
Debt CollectionThe need to undertake formal debt collection often results from a business' failure to integrate a credit management system into its sales effort. One of the best ways to avoid having to resort to the civil court system to collect customer accounts receivable is to establish and maintain credit limits for each customer, and actively evaluate each customer's payment history and buying patterns. What else can one do to aid in debt collecting? We believe your business documents should always work in your favor, and not against you, whether or not you currently anticipate a need to look to the courts for assistance in collecting debts owed to your business or enforcing specific rights. Here's why. Customers often begrudgingly acknowledge clearly worded provisions contained in a contract which they have signed. You should seek to place yourself in the position of being able to point to particular contract language which resolves most customers' disputes as to the amount and timing of money owed you, and which also makes clear the customer will be required to pay interest and your reasonable attorneys fees if he or she loses after having forced you to court to obtain a money judgment against them. We have helped many businesses update their business documents to accomplish these goals. Contact us to see how we can help improve the legal effectiveness your business documents.
Are You New to Franchising?A dose of caution and homework may help you protect against a poor business decision. Do You Already Have a Franchise?Is having a franchise all you thought it would be? Has your franchisor failed to honor its contract? Find Out How Franchising Your Business May Become Easier.Recent announced changes in the process of complying with various federal
and state franchise offering disclosure and registration requirements mean
franchisors will have a more streamlined process in the future. Among the
current and anticipated changes are Other Services
|