Contractual disagreements in business are not uncommon, but they can interrupt the smooth running of your commercial operations and divert resources in unhelpful ways. It is better that disputes are avoided in the first place, which can often be achieved with careful and precise drafting of business contracts.
Unless you’re running a very large organisation, maintaining a steady cash flow may be critical to your business’ survival. When unpaid invoices mount up, the resources spent chasing delayed payments are diverted from running your operations. ...
Commercial terms can be a minefield if not carefully negotiated and drafted to reflect the parties’ clear intentions. An ‘agreement to agree’ a price for a product has led to the Court of Appeal providing guidance that businesses will find...
As a creditor, recovering the full amount owed by a debtor is often a key priority. However, there are several legal principles you should consider before taking action. If a debtor has made a part payment, issues such as accord and satisfaction or...