Presented by Invest Ottawa partner,
A primer on secured transactions and other contractual means of protecting your business against unpaid accounts
For small businesses, the cost of litigating unpaid accounts can be prohibitive. Although a successful litigant is generally entitled to partial recovery of its legal costs, often times, such costs aren’t recovered until years after an action is commenced, if at all. Consequently, for business clients, for whom cash flow is king, the juice of litigating unpaid accounts often times isn’t worth the squeeze. On September 27th, come to learn how to protect your business against unpaid accounts through contract, rather than chasing them in Court (or writing them off) after the fact. Whether through personal guarantees when contracting with a corporation, or under a General Security Agreement registered under Ontario’s Personal Property Security Act, there are several contractual means available to businesses to protect against bad debts. This lecture will cover the basics of how to protect your business now so that you don’t have to sue later to recover unpaid accounts.
Nelligan O’Brien Payne LLP
Nelligan O’Brien Payne is a mid-sized, multi-service law firm in Ottawa, Ontario with over 50 lawyers and is one of Eastern Ontario’s most trusted and respected law firms. Whether you are a new entrepreneur, or you operate an established global enterprise, our lawyers have the expertise and enthusiasm to provide cost effective advice and solutions to help you face today’s business environment with confidence. Our lawyers take pride in assisting clients with all stages of their business needs, including organizing and setting up a business structure, reorganization and restructuring a business, partnership agreements and shareholder agreements, mergers and acquisitions, financing of a business, business succession planning and protection of intellectual property to name a few.
To learn more, please visit our website at www.nelligan.ca or contact us at 613-238-8080 or [email protected]