Why Should My Contracts Be in Writing?

Why Should My Contracts Be in Writing?

Verbal contracts are technically enforceable. You can go to court and obtain a judgement against someone who doesn’t respect a verbal agreement. So why bother getting it in writing? Here are a couple of basic reasons why everyone should use a written agreement instead of relying on a verbal agreement:

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Having Problems Collecting From Clients?

Having Problems Collecting From Clients?

One of the biggest challenges for small business owners is managing cash flow. Running a business is expensive, and while none of your creditors want to wait to be paid, sometimes collecting from your customers can be a real challenge. So what can a business owner do when they are having a problem collecting the money owed by their clients?

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What You Wish You Knew Before Letting the Customer Keep YOUR money.

What You Wish You Knew Before Letting the Customer Keep YOUR money.

Why do you allow customers to keep your hard earned money?  CBC News recently reported ‘Industry estimates put the cost of unpaid wages and materials for the construction trades at $300 million a year in Canada’.  I quote this statistic because a common answer is the contractor is essentially embarrassed that they aren’t getting paid.  In my experience, it isn’t typically the contractor who’s at fault – the customer has ‘invented’ reasons why they won’t pay.  So, what can you do about it?

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