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Not only do they result in a higher chance of write off, they usually carry with them the prospect of legal costs, which, if not effectively managed, can diminish at the amount of net return on the claim.
A number of effective strategies can be implemented to both avoid disputes from arising and dramatically improve the chances of resolving disputes quickly and cost effectively.
Download the Avoiding Disputes Fact Sheet – CLICK HERE
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Results Legal specialises in: Debt Recovery, Insolvency Law, Commercial Disputes, Commercial Contracts, Business Separation & Shareholder Disputes.
From 9 November, 2023, sweeping reforms of the unfair contract terms regime will commence.
This checklist aims to help you assess your standard form contracts and identify any terms that could be considered ‘unfair’ under the new regime.
In what we regard as onerous and punitive reforms, the new unfair contract terms law (UCT) coming into effect on 9 November this year will affect thousands of businesses’ standard form contracts.
Now is the time to review your terms and conditions of trade and any other standard form contracts on which you trade (e.g. purchase order conditions, consignment agreements, etc).
The Treasury Laws Amendment (More Competition, Better Prices) Act 2022 (Cth) was enacted into law on 9 November 2022 and enters into force on 9 November 2023.
No matter how good a business’s systems and processes are, from time to time disputed claims are likely to arise.
Disputed claims are high risk. In addition to the principal debt being in jeopardy, potential legal costs need to be closely managed so as not to undermine the net return achieved. There are three major factors which have the greatest impact on the net outcome creditors achieve on disputed claims: determining prospects early, developing an effective strategy and considering cost/ benefit.