Non Payment Of Dues - Financial Problems

Hi Friends,
We have one client who is refusing to pay us fully for our services. He says that he will pay only 50% of the total bill amount raised by us since they are facing some financial problems. Can someone advice me what to do in such a case as the amount is quite large and we also have an agreement with them in place. Pls help
Sailee
Nagpur

Dear Sailee,
Greetings for the day ahead!!!
If you have duly signed agreement , then you can take the legal recourse. However that will hamper your future relationship with client and you will not be able to do any business with them. So, in my opinion , you should first try to reach at a point which is acceptable to both the parties. If somehow, this can't be achieved then
1. Contact a lawyer and issue a legal notice to your client.
2. If this doesn't yield any result then file the case under relevant sections.
Regards
Team GroupHR