Commercial Law

It depends on the type of transaction, but generally you need proof of the commercial relationship and of delivery: contract, purchase order, invoice, evidence of receipt and, where applicable, a credit instrument such as a promissory note. Debts that go uncollected are usually lost for lack of supporting records, not lack of merit.

Yes. Credit instruments have limitation periods for bringing a collection action, and once they lapse the expedited route is no longer available. That is why negotiations should not be allowed to drag on indefinitely without interrupting the period.

It depends on the amount, the debtor's solvency and the quality of the documentation. A judgment won against someone with no assets recovers nothing. Before filing we assess whether there are assets to enforce against, because that changes the strategy entirely.

It is a contract that sets the general terms of a recurring commercial relationship once — prices, deadlines, deliveries, penalties, jurisdiction — so each subsequent order need not be renegotiated. It organizes the operation and documents in advance what will be needed the day a breach occurs.