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Cincinnati Business & Commercial Law Blog
What to know about Ohio’s prompt payment law as a subcontractor
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
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...
Tips for creditors involved in a bankruptcy
There is no question that businesses and the economy have had a rough 2020. Things have been especially challenging for small businesses whose revenue has dried up while others still hold on. Those that survive can credit strategy, hard work and a certain amount of...
What are some common remedies to a breach of contract?
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
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
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...
When can you keep a tenant’s security deposit?
When you own a rental property in Cincinnati, it is important that you understand both the financial obligations you have to your tenants as well as your rights when it comes to collecting (and retaining) funds from them, as well. It goes without saying that you can...
Terminating contracts for convenience
Companies in Cincinnati no doubt feel a great sense of security due to the contracts they may have with their business partners. Typically a contracted partner needs to have cause in order to get out of a binding business agreement. Walking away simply because it...
4 ways to ensure your clients pay for your services
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...
What can you do about bad debt?
As a business owner, you need business partners and clients to pay their debts for you to generate revenue. If you advance goods and services and then wait for payment, you might find that clients often do not hold up their ends of the deal. It becomes even worse...
