How to Make Sure Your Promissory Note Isn’t Unenforceable

Image of a person writing to indicate signing a promissory note.When a company incurs a debt but does not have enough cash to pay, it may issue a promissory note to memorialize the debt in writing. If you want to get paid in the future, it’s important to make sure your promissory note isn’t unenforceable.

For instance, if a person provides services to a start-up company that is unable to pay because it is low on cash, the start-up can issue a promissory note. The note indicates the monetary value of the person’s services and the date said value is to be paid by. Presumably, the note would be issued in conjunction with the services provided. The note is valid and enforceable because it is given in exchange for the services provided.

Continue reading “How to Make Sure Your Promissory Note Isn’t Unenforceable”

Read more...

Why the Font Size You Use in Your Contract Matters

Person signing a contract to indicate using a good font size.The font size used in your company’s underlying agreements with other businesses can directly impact the success of your debt collection case. But what happens if the font size you use in your contract is a bit too small?

Well, if all goes well and your customers pay, you should be okay. But, what if the customer fails to pay and you need to pursue litigation, arbitration or mediation?

Then the subject of your mighty small print may become more than just an issue.

Continue reading “Why the Font Size You Use in Your Contract Matters”

Read more...

Can’t Access a Notary Outside of the United States?

A map and glasses to symbolize trying to find a notary outside US.You may not have a place of business in New York — or even the U.S. — to bring a debt collection case in New York state. But if you do, like any creditor, you need to submit testimony via an affidavit. Affidavits are sworn statements signed before a notary or apostille. But what happens if you don’t have access to a notary outside of the U.S.? Fortunately, there is another way that does not require an affidavit. Instead, you can submit an affirmation.

Continue reading “Can’t Access a Notary Outside of the United States?”

Read more...