Guess many have fallen into the elephant trap. We have just got out of one with a difficult client .Using the Late Payment of Commercial Debts (Interest) Act 1998 have now secured due monies plus! But we should not have to resort to law. A solicitor specialist friend in this area give me some useful tips and appropriate wording to use on contracts etc.I imagine you use them but if you want a copy happy to share - trainingqed@aol.com. And if you have tips for us enter them here and I will create in about two months a free bullet point word doc for everyone- and it won't be late lol.
Britain’s small and medium sized businesses are owed debts of £35.3 billion according to the latest research. That includes many of us here!