security Articles
How to Create a Loan Agreement Between Family Members or Friends
June 17th, 2013 by | Finance & Securities
If you have decided to ignore the well known advice of “don’t lend money to family or friends”, there are some very good reasons why you should create a legally binding, written agreement. This loan agreement between family members/friends and you, should outline a repayment schedule and what will happen if the borrower is late… Read more »
Security for Costs as a Sword or Shield in Court Disputes
October 18th, 2012 by | Court Disputes, Debt Collection
If you or your company take legal action against another person, they may ask you to provide ‘security for costs’. You might have to pay a sum of money into the Court or provide a bank guarantee or other form of assurance that if you lose, the other party can recover money towards its legal… Read more »
Builders & Contractors Payment Claims Under the Security of Payments Act – Ignore or Delay at Your Peril!
August 28th, 2012 by | Commercial Transactions, Court Disputes, Debt Collection, Property & Leases
Imagine this: you engage a contractor to perform construction work. You are issued with an invoice at the end of the job, but the work is defective or not what you asked for. You do what you think is the right thing and try and talk to the contractor about fixing the work before you… Read more »
How to “Bullet-Proof” Your Guarantee & Indemnity
August 22nd, 2012 by | Business Sale & Purchase, Commercial Transactions, Debt Collection, Finance & Securities, Property & Leases
What can go Wrong? A landlord owned prime commercial premises that were leased to company B, the branch of a national retail chain, and payment of the rent was guaranteed by company C. B transferred the lease to another company; both went bust. C didn’t have to pay the lost rent because the Guarantee only… Read more »
