Explaining Late Payments in Commercial Contracts: The Late Payment of Commercial Debts (Interest) Act 1998 and Section 69 of the County Courts Act 1984
Late payments from clients can significantly disrupt a business’s cash flow, causing financial strain and operational difficulties. This issue has become increasingly common in today’s challenging economic climate. To help businesses manage this risk, English law provides mechanisms to claim interest on late payments. This article will explore when to use the Late Payment of […]
The Smart Investment: Why Small Business Owners need to value having Legal Advice at their fingertips
In the fast-paced world of entrepreneurship, small business owners often find themselves juggling numerous roles and responsibilities. From managing finances to marketing strategies, their plates are always full. However, one aspect that shouldn’t be overlooked is the importance of legal advice as well as the ability to access it when you need it the most. […]
Navigating the 14-Day Cooling-Off Period: A Guide for Business Owners
In the business world, clarity in contracts is essential. One crucial aspect that demands attention is the 14-day cooling-off period applicable to business-to-consumer (distance) purchases. Recently, we’ve noticed that many businesses may not be addressing this adequately in their terms, often leaving clients unsure of their rights and businesses exposed to potential legal consequences. Understanding […]
Navigating Business Challenges & Obstacles
Welcome to our final December blog, where we delve into the dynamic world of running a business—a journey filled with triumphs, challenges, and a constant quest for solutions. Navigating the entrepreneurial landscape involves more than just passion and dedication; it requires an understanding of legal intricacies that can often catch business owners off guard. From […]
Hindsight in Business: Crafting Terms that Secure Tomorrow’s Success in Debt Recovery
In the world of business, encountering clients with debt recovery issues is not uncommon. At McKenzie Legal & HR, we frequently engage with businesses facing challenges in recovering money due from unpaid invoices. One recurring theme we notice is the frustration stemming from poorly constructed or non-existent terms of business. Many clients approach us with […]
The Essential Blog for building a thriving business!
Starting a business can be an exhilarating adventure filled with endless possibilities. However, it’s crucial to approach the process with careful planning and consideration to ensure you set yourself up for success. In this blog, we have compiled a comprehensive checklist of key factors to contemplate when starting your own business. Let’s dive in and […]
The Power of Precision: Why Correctly Drafted Invoices Matter in Debt Recovery
In the intricate world of business, attention to detail is not just a virtue—it’s often a necessity. While many aspects of running a successful enterprise demand meticulous care, one seemingly mundane yet pivotal element that frequently slips under the radar is the humble invoice. In this blog, we will delve into the fundamental importance of […]
Escalating Non-Payment of Invoices: When to Involve a Third Party
As a business owner, dealing with non-payment of invoices can be a frustrating and challenging aspect of managing finances. Having clear payment terms in your terms and conditions is crucial to set expectations, but sometimes, clients may still disregard their responsibilities. In such situations, knowing when and how to escalate the matter to a third […]
The Importance of Reviewing Terms and Conditions, Contracts, and Business Paperwork: Safeguarding Your Business in a Changing Landscape
In the fast-paced and ever-evolving world of business, it is essential for companies to regularly review and update their legal documents, including Terms and Conditions, contracts, and other business paperwork. Failure to do so can expose businesses to potential risks, legal complications, and missed opportunities. In this blog, we will explore the significance of reviewing […]
Understanding the timeframes to recover unpaid invoices (debt)
As a business owner, dealing with unpaid invoices can be frustrating and impact your cash flow. It’s therefore essential to understand the timeframe within which an unpaid invoice remains valid, allowing you to take appropriate action to recoup the funds owed to you. In this blog, we explore the general rule for the validity of […]