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No8 – Dispute Resolution

No8 – Dispute Resolution

 

Some disputes cannot be resolved just like which came first – the chicken or the egg? but for the majority of people or business there can be a resolution.

We understand that disputes can arise over all matter of personal issues, ranging from neighbourly boundary disagreements through to contractual business disputes and debt recovery. There are always two sides to a dispute and what may appear a clear issue to one party may be viewed differently by the other leaving most disputes not always as clear as black and white.

Unfortunately, it is easy for minor problems to escalate into major disputes as opposing sides become entrenched in their views, dialogue turns to silence, action becomes impasse. Often disputes can have a personal element as well as a financial or performance issue and this can add an extra layer of complexity.

The right approach is essential and instructing a lawyer early can often be more effective than waiting until things get worse and can help to resolve disputes through a variety of means. This may simply be writing to the other side of the dispute, through alternative dispute resolution and we regularly assist our clients to take part in mediation meetings and explore alternative ways of resolving disputes to minimize costs, and in those matters that simply cannot be resolved in any other way, through the Courts.

As a firm we have been assisting the people of County Durham, the Tees Valley and North Yorkshire with their legal disputes for nearly 50 years. Our longest serving solicitor and Partner, Peter Furness, has over 30 years specialising in Dispute Resolution and together with his team, are available to provide you with advice on your dispute, the options available to you and the likely costs so that you can make an informed decision.

We are also happy to assist in matters that the Court system define as small claims as we appreciate that the claim itself can have a greater value above their financial worth and for members of the public who are intimidated by going to Court, we are willing to assist on a fixed fee basis to ensure we can support all our clients, regardless of their dispute.

‘Dispute Resolution’ is a series of monthly monochrome images to be featured over a 12 month period across our social media channels to highlight some of the key elements of our service so be sure to follow us on Facebook, Twitter, Instagram and LinkedIn to see the series as they are released.

For more information on our firm please see www.clarkwillis.com

Cash Is King – Debt Recovery for Business following Bathstore Going Down The Drain by Karl Medd

Why Keeping Your Debtors in Check is Vital for Your Business

 

When the specialist retailer Bathstore collapsed last month, 500 shopfloor and head office jobs were put at risk together with up to 300 bathroom fitters, suppliers and small businesses  paying a price. An article in the Guardian on The collapse of Bathstore makes a clear point, as do the case studies set out within it, that these are challenging times for businesses in all sectors. It does feel like there have been so many stories within the media regarding the precarious finances of some of the UK’s biggest businesses including Debenhams and Arcadia Group to name but two.

The difficulties of big business and the wider economy can also have a significant trickle down effect upon small and medium sized businesses, which are referred to in business jargon as “SMEs”. The article lays bare the effect that the failure of large business can have upon SMEs. One large contract or transaction can make, or break, an SME.

For the sake of impartiality, we have so far not mentioned Brexit, but this is clearly a matter of ongoing financial concern for business.

It is not just the financial fortunes of Big Business which can impact upon SMEs, as small and medium sized businesses very often work and trade with each other and therefore the livelihoods of all of employees are likely dependent upon receipt of payment, or contractual provision of goods and services, promptly.

Cash flow is extremely important for SMEs. In fact even law firms are not immune to the financial pressures of cash flow and bad debt. There is a well rehearsed adage in business and accounting circles which sums up the position neatly: “Turnover is vanity, Profit is sanity, but Cash is king.”

Reality can be extremely harsh if your business is struggling to recover bad debts which are impacting upon the financial health of your business.

At Clark Willis Law Firm, our Civil Litigation team are experienced in pursuing recovery of trade or commercial debts on behalf of individuals and SMEs and we act for some well-known business in the town to assist with their debt recovery. We can also provide practical advice and information as to your legal position should your debtor become insolvent, be it liquidation, Administration or a Voluntary Arrangement. So before outstanding invoices start having a detrimental impact on your business call our team on 01325 281111 to discuss ways we can help you.