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Liens are a tool that hold great purpose and power in certain legal respects. It is important to fully understand what a lien does and how it works, especially for those who work in fields where they are more common to come across such as construction, real estate and...
In many cases, after a breach of contract by one party, the non-breaching party may get “relief,” or a “remedy” to the situation. This is a way of solving the issue between the feuding parties. There are three common ways to remedy a breach of contract. According to...
It is important to understand that litigation is not the only option when it comes to handling contract disputes. In fact, it is usually better to avoid litigation if at all possible. Litigation can be expensive, ruin valuable relationships and be time consuming....
Bankruptcy allows people with significant debt to pay, settle and discard various claims. Debtors who file for bankruptcy must pay certain creditors and may have to liquidate assets. If you are a creditor, you should know your rights if someone who owes you files for...
You rely on your clients to pay their monthly bills if you offer credit cards, loans or other types of financing for products or services. When clients fall behind on their bills or have outstanding balances, you have a right to the debt. Sometimes, businesses may use...
A contract is a legal agreement your business makes with another for the exchange of items or performance of services. When the other party to that agreement is not sticking to it, you and your business may suffer severe losses. A contract breach occurs when one party...
Few things are more irritating than performing a service for customers or selling goods to ones who refuse to pay. After all, you did your part and expect your customers to do theirs. Still, even if they have little or no beef with you, some of your customers are slow...
If you operate in the construction sector or home services industry, you undoubtedly know just how difficult some homeowners can be. Indeed, even if you provide professional and responsive service, some homeowners never want to pay. Others constantly nitpick,...
Every business owner deserves payment for the goods and services that they provide. Businesses are not charities, and there is no reasonable expectation that you will do work for free. Having collection systems in place from the beginning of your business, and...
Perhaps you are a building contractor who finished your work on a condominium project but have not received final payment. How do you file a mechanic’s lien and what happens next? About mechanic’s liens The goal of filing a mechanic’s lien is to recover payment for...
