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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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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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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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The benefits of settling a debt claim

No one wants to have a debt judgment issued against them and settling a debt claim is often quicker and more effective than waiting for an arbitration award or civil court judgment. Debt is a strange animal and there could be many reasons why people have not followed up on their legal obligations to repay …

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Why is it important to respond to a debt claim?

Being in debt is not pleasant and if you do not respond to a debt claim against you within the stipulated time frame, your finances and credit score could be impacted badly. In the past, many creditors walked away from debts, leaving money on the table because the debt recovery process in the Civil Courts …

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Is that what really happens when a civil debt lawsuit is filed? Is there an easier way?

A Civil debt lawsuit is filed in local courts when there is a dispute between people or businesses over default of payment. Filing a lawsuit is expensive, time-consuming, and stressful. The process goes through various tedious stages and can take years to be brought to a resolution, often resulting in a return of pennies to …

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