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Types of acceptable collateral for secured loans

On behalf of Delev & Associates, LLC | Jan 24, 2021 | Business Litigation

Secured debt allows for creditors to reduce their risk when loaning out money, but not all collateral takes the same form. When people default on their debts, creditors may seize the collateral pledged in the contract in order to resell it and avoid a total loss. Any...

What are ways you can recover your property and assets?

On behalf of Delev & Associates, LLC | Nov 4, 2020 | Business Litigation

Lenders in Ohio and across the nation have rights when it comes to reclaiming property and money they have loaned to others. In addition to ensuring the terms of the contract are clear and concise, there are a number of methods you can use to recollect items that have...

Terminating contracts for a company’s convenience

On behalf of Delev & Associates, LLC | Oct 3, 2020 | Business Litigation

Businesses in Ohio may feel a great deal of security after securing a contract with a new business partner. Such a feeling is often justified; after all, as long as the business fulfills its terms of the agreement, its partner has no cause to end it, right?  That may...

How mechanic’s liens work in Ohio

On behalf of Delev & Associates, LLC | Aug 3, 2020 | Business Litigation

As an Ohio contractor, subcontractor, materials or equipment supplier, or construction laborer, a mechanic’s lien is the way in which you obtain payment from the property owner if he or she fails or refuses to pay you for your materials and/or services. The Ohio...

What to know about Ohio’s prompt payment law as a subcontractor

On behalf of Delev & Associates, LLC | Jul 28, 2020 | Business Litigation

When you make your living as a subcontractor, you may have firsthand knowledge that receiving payment on time is not always easy. Often, subcontractors find themselves waiting for higher-tier contractors to pay them for work they perform, and this has the potential to...

Lien waivers in Ohio

On behalf of Delev & Associates, LLC | Jul 17, 2020 | Business Litigation

Mechanic’s liens are vital in ensuring contractors, suppliers and designers receive payment for their work. Even though homeowners do not often pay their painters or roofers (because that is usually your job as the contractor), any laborer can use these liens to...

What are some common remedies to a breach of contract?

On behalf of Delev & Associates, LLC | Jul 8, 2020 | Business Litigation

When dealing with a possible breach of contract from another party, it may seem overwhelming at first. However, knowing what typical remedies are for the situation can help you make the best choice possible to salvage your contract. Common issues According to FindLaw,...

3 non-financial remedies for a contract dispute

On behalf of Delev & Associates, LLC | Jul 7, 2020 | Business Litigation

In an ideal world, parties entering a contract fulfill their obligations to the mutual benefit of each. Unfortunately, all too often one party fails to deliver promised products or services in accordance with the written agreement and the United States Uniform...

Why arbitration and mediation are effective alternatives to litigation

On behalf of Delev & Associates, LLC | Jul 6, 2020 | Business Litigation

Business disputes happen. When they do, it can be disruptive, expensive and costly in ways that may be unimaginable at the outset. A lengthy dispute can cause a company’s leaders to lose focus on the competitive environment or opportunities for growth. To resolve...

4 ways to ensure your clients pay for your services

On behalf of Delev & Associates, LLC | Jul 1, 2020 | Business Litigation

If you offer an in-demand service, you probably have little problem attracting new clients. Securing payment for the work you perform, though, may be an entirely different matter.  Clients fail to pay invoices on time for a variety of reasons. Regardless, if you do...
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