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Stipulate in your contract that the losing side has to pay the legal fees for the other party. That way getting paid doesn't cost you more.
by gavingmiller 15y ago
Stipulate in your contract that the losing side has to pay the legal fees for the other party. That way getting paid doesn't cost you more.
- shabble 15y agoGranted incredibly unlikely, but doesn't that open the possibility of: * Rip off developer * Hire incredibly expensive legal team/legal buddy[1] to find small enough loophole in contract * Bill developer for cost of legal as well as rip them off * Profit? [1] How do jurisdictions that auto-award costs handle contingency claims? Is "£0 if I lose, or £1M/hour if we win" a legitimate billing rate? I can't imagine it could be.
- tsotha 15y agoI used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance. So essentially it was like owing money to the IRS. As far as I know nobody ever gave us trouble about payment.
- jacques_chester 15y ago> I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance. This is so common in the business world -- terms -- that there's a short hand minilanguage for describing your terms on invoices, purchase orders and contracts. Here's a decent list: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1073791761&type=RESOURCES http://www.businesslink.gov.uk/bdotg/action/detail?itemId=10...