debt recovery

arbitration clauses for contractors

Arbitration clauses for Contractors – How to settle disputes easily

Arbitration clauses for Contractors may not sound like a match made in heaven, but the truth is that these contract agreements make life much easier in the event of disputes. Contracting is a trade that is fraught with difficulties when it comes to disputes arising during handover to your client. As a Contractor, you will …

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Arbitration clauses for landscapers – Protect your trading contracts

Arbitration clauses for landscapers will help ensure that your trading agreements are protected and an even better way to ensure that you are paid for your work. Landscaping is a trade that can often give rise to disputes. You may find a diseased tree that keels over, or neighbours may claim that their property has …

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Hand holding up a business plan sign with upwards arrow showing how arbitration clauses are useful

Tips to run a successful business

Running a successful business requires hard work and dedication. Yet, there are some easy wins that require just a little bit of forward-thinking.  Every successful business owner will tell you that running your operation requires more than just a business plan. To have long term success, you should take every possible precaution to ensure that …

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factoring

Factoring and online arbitration – A perfect fit for debt recovery

Factoring and online arbitration work extremely well together and together provide the foundation for success in resolving disputes and recovering debt. Factoring – also known as receivables factoring or debtor financing – is an industry that is crucial in helping businesses manage their cash flow.  It entails lending money and collateralizing the borrower’s debt or …

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man thinking that online arbitration is cheaper with a backround of dollar signs

Online arbitration is cheaper than traditional arbitration

Online arbitration is cheaper and quicker than traditional arbitration, and this is backed up by facts. Brief’s online platform turns an arbitration claim around in 45 days, compared to 410 days with brick and mortar arbitration.  It is also up to 80 percent cheaper and a run-of-the-mill claim should cost you no more than $1,700. …

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How many claims are arbitrated annually in the US?

A total of nearly 10,000 arbitration cases were filed in the US in 2020 with $18,011,977,599 (that’s right over $18 billion!) in claims arbitrated. But arbitration is only for big businesses with big wallets right? No, not anymore. Brief’s groundbreaking platform has broken the mold, resolving cases within 45 days or less, starting at $600.  …

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man signing a contract wit ha pen

Avoid the trap of “Cut & Paste” contracts as the fine print costs you

What is the real purpose of contracts?  Anyone can shake hands to make a deal, so why write it down?    Because a contract explains the rules of what happens when an agreement doesn’t go as planned.    That “boilerplate” language that everyone glosses over, all of sudden becomes your “guidebook” as to how to proceed. …

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What happens if a judgment is issued against you?

If a judgment is issued against you over a debt claim, your life can be impacted substantially because what was an uncollectable amount of money suddenly becomes a collectible amount of money, often with interest and attorney fees on top. In the past, judgments were only issued by the courts after a debt collection lawsuit …

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Arbitration Awards are legally binding

Arbitration Awards are legally binding

If agreed to by the parties in their underlying agreement, Arbitration Awards are legally binding, meaning that if one is issued against you, it is legally recognized and may be reduced to an enforceable judgment by the courts. Arbitration is a process that has been recognized as an alternative to litigation because it is typically …

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Can attorneys use Brief’s online dispute resolution platform to file a claim

Can attorneys use Brief’s online dispute resolution platform to file a debt claim?

Can attorneys use Brief? Absolutely… just imagine a world where you, an attorney, do not have to go through the messy civil law court system to file a debt claim on behalf of your clients. In COVID times, the law courts are at a complete standstill, and the backlog of cases is getting bigger. Budget …

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