In cases where debts arise from contracts or transactions during business operations, the business has the right to request payment. However, extending the payment deadline for these debts can bring long-term benefits to both the business and the indebted partners. In...
Continuing from Part 1 of the article “Essential Documents for Debt Recovery in the Construction Industry,” in this article, TNTP’s lawyer will continue to provide insights into important documents that businesses should pay attention to to enhance...
To effectively pursue debt recovery, businesses need to make necessary preparations involving various factors. One of these factors is the requisite documentation to ensure the company’s ability to recover debts and prepare for litigation if necessary. In this...
In the operations of businesses, the occurrence of debts is almost unavoidable. Similar to other industries in society, the construction sector frequently experiences debt between parties at different stages of projects. In cases where the debtor is unwilling to pay...
Filing a lawsuit to recover debts is a common method of debt recovery in civil transactions in general and in the construction industry in particular. In such cases, the dispute resolution authority will review the lawsuit and the documentation and evidence provided...
The emergence of debts is a common occurrence in business activities in general and the construction industry in particular. Unattended debts can potentially pose a risk to a company’s cash flow. In this article, TNTP’s lawyers will provide insights into...
