Protect your business from debtors that go bust.

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A business that has no measures in place to protect itself from customers that go bust, risk going bust themselves. Indeed if a key account that generates 60% of revenue becomes insolvent that will have serious implications on the business. This article promotes the need to ensure that businesses retain title in goods sold until such time they are paid for, legal procedures and carefully worded retention of title clauses will secure any chance of payment if the debtor becomes insolvent.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Carlo Pegna | Attorney Advertising

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