Effective Debt Recovery for a London-Based IT Firm
In May 2020, a software and information technology service company based in London entered into a software licence and support agreement with an Emeriti state-owned financial institution. The contract outlined clear payment terms, requiring all invoices to be settled within 30 days. However, following the institution’s formal termination notice in October 2022, a significant balance […]
Successful Debt Recovery for a Silicon Valley Software Company
In September 2024, a leading software development company based in Silicon Valley, California, encountered a significant payment dispute with a large North American bank. The issue arose when the bank failed to settle an unpaid invoice amounting to $119,070.00, stemming from an auto-renewal subscription agreement. As per the contractual terms, the bank was required to […]