By: Evan A. Blaker
As a commercial collection attorney, I have the benefit of seeing and analyzing credit applications from a wide array of clients. However, by the time I receive a client’s credit application, typically the account is already in arrears and any rights they may have were established long before. In this piece, I share some contract provisions that allow me to be the most effective when collecting delinquent commercial accounts. In the spirit of a particular late night talk show host, what follows is my top ten list of credit application provisions that can place you in the best possible position to ward off common defenses and collect the funds that are due to your company.