Modifying Vendor Contracts To Save Money And Improving Customer Collections

With the sharp rise in interest rates this year, many companies are finding it harder to obtain cash.  It is therefore in companies’ interest to evaluate contracts with vendors where the vendors are being overpaid and/or not delivering the products or services required under the contract.  On the flip side, companies are also experiencing higher rates of nonpayment on customer accounts and must take measures to ensure that customer accounts are brought current in a timely fashion.  This presentation will discuss the substantive law concerning modifications of vendor contracts and strategies for negotiating more favorable contract terms with vendors, which can result in significant savings.  The presentation also discusses collection strategies for managing overdue customer accounts and bringing them current.

Betty St. Marie | [email protected]