TM Law Solicitor Terry Maylin provides an expert guide to the legal recourses open to freelancers and small businesses when all other options to resolve non-payment have been exhausted. As a freelancer, considering taking legal action against a non-paying client can be a daunting prospect. There’s often a delicate balancing act, especially with long-term customers.…
4 out of every 5 UK small businesses are owed money, that’s a total of around £14bn in unpaid invoices. But what can be done to crack down on your firm’s late payment troubles? TM Law solicitor Aidan Squire explains why Non-Standard Terms and Conditions (in conjunction with a detailed invoice) have the power to…
Give us two minutes, we’ll demonstrate how a Directors’ Agreement has the power to safeguard your debt recovery process. We have no doubt that you’ll agree, it’s important that you are paid for the goods and services your business has provided. Because late payments – or people trying to avoid payment – is costly. Not…
We outline the best steps you can take to defend your claim and contest the debt demand If you receive a debt demand for payment from someone, our advice is…deal with it straight away! And by ‘deal with it’ we mean contact the party making the demand and either arrange to make payment if you…
Understand what a Directors Guarantee is, and how having one can help make sure your B2B business gets paid on time. If your business provides goods or services to a limited company, then a Directors Guarantee should be part of contract process. Why? Because a Directors Guarantee is a personal guarantee and means that the…