What is the difference between a Payment Bond and a Performance Bond? A payment bond is a promise of payment and a performance bond is a promise of performance. A payment bond is a surety bond, most often on public projects, issued as assurance of...
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Unfortunately, your customer has filed for bankruptcy. Fortunately, you are a secured creditor! Now, you need to complete your bankruptcy Proof of...
In some states, there are additional recovery remedies aside from mechanic's liens and bond claims. If you are furnishing to a construction project,...
Often, mechanic's lien and bond claim deadlines are calculated from the date of your last substantial furnishing. But, did you know, 23 states...
Do you sell on consignment? If you allow customers to have possession of goods under a “consignment” agreement prior to the actual sale, you are at...
A Joint Check Agreement is an agreement between multiple parties, allowing one party to make payment through a check issued to two or more payees....
A UCC filing can do more than protect your inventory, equipment, and receivables. Properly perfected UCCs can reduce your risk and give you the...
Demand letters can expedite payment, allow you to maintain control of your collection process and save you money. A demand letter is a strongly...
The U.S.’s Article 9 of the Uniform Commercial Code (UCC) and Canada’s Personal Property Security Act (PPSA) are sets of law that govern commercial...
In this NCS Extra Credit installment, Jennifer Mach (NCS Customer Relations Specialist) and Jerry Bailey (Executive Sales and Education Services...
