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If your customer breaks a written contract how can you have it reflected on their credit if they do not pay the balance of the contract?
Wiki User
∙ 8y ago
Is your business one that already reports to the bureaus? If so, then report the customer as owing the balance. If not, you have three choices: Either report the debt, (there is a charge for signing up as a reporting member to the bureaus and for reporting a debt), or you can sell the debt to a collection agency (for 40-60% of the amount owed), or you can take your customer to court in a civil or small claims action. If you win the case, there will probably be a judgment issued against your customer. Be sure to have the judgment recorded in public records. It will get picked up there by the credit bureaus and placed on the customer's credit report.
Wiki User
∙ 8y ago
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After receiving written confirmation from the customer that program funds have been withdrawn and after discussing the matter with the customer you are considering terminating a commercial contract?
Consider alternatives to termination, issue a written termination for convenience notice, negotiate a termination settlement with the contractor
When does an agreement become contract?
An agreement becomes a contract when there is an offer, acceptance and consideration. Absence of a written contract does not prevent a contract from being form. A contract can be both expressed or implied. Written or verbal.
What is the act of breaking a written contract?
The specific term for the "act" of breaking a written contract is "breach."
When was the first written contract?
First written contract in English made on the Mayflower in North America.
Which statement about contracts is correct?
The correct statement about contract is that a contract is an agreement between a buyer and a seller. A contract can be a written or oral agreement.
What is written contract?
A written contract is an agreement written on paper by 2 or more people that is then signed by each person and is considered to be binding.
Is barter a sales contract?
A barter agreement can be an oral contract (subject to the statute of frauds) or a written contract.
What is the difference between an oral and written contract?
Oral contract means they can DODGE the contract. But the written contract they cannot do anything they should do what is in the contract.AnswerSometimes written contracts cannot hold up. It depends on many different things. Oral contracts can sometimes be as good as a written contract if there are witness to the verbal agreement.
What is customer level sla?
This SLA is written according to customer's perspective.
Who wrote the contract?
The Social Contract (1762) was written by Jean-Jacques Rousseau.
What has the author Jean Weiller written?
Jean Weiller has written: 'La Balance des paiements' -- subject(s): Balance of payments, Balance des paiements
What has the author Denis Walker written?
Denis Walker has written: 'Customer first' -- subject(s): Consumer satisfaction, Customer service, Customer services, Quality assurance
