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> account for this possibility in their contracts And it's easy to do... "If you are late paying the due amount, even by one day, then the amount payable in
by londons_explore 3y ago
> account for this possibility in their contracts
And it's easy to do... "If you are late paying the due amount, even by one day, then the amount payable increases by 25% immediately, followed by 5% more each day until paid".
That way if anyone plays chicken with anyone else by paying late, at least when bankruptcy proceedings are begun the payable total will be far larger, and so a bigger piece of the pie will be theirs.
- nikanj 3y agoYou are unable to force them to pay $100 million but have cleverly written contract clauses that cause them to owe you $125 million now. Which they're also not paying.