The company should confirm the debt, review the contract and payment terms, preserve evidence, issue an appropriate demand and determine whether negotiation, arbitration or civil recovery is suitable.
Evidence
- contract
- purchase order
- invoice
- delivery confirmation
- correspondence
- bank statement
- acknowledgment of debt
- prior reminders
Before legal action, check whether payment is due, whether performance is disputed, what notice is required, what interest provisions apply and whether there is an arbitration clause.