Dear All
In the recruitment Industry the problem of chasing payments from the Clients is a perennial issue. The reward for the effort which is the essence of the Recruitment Industry is taken away and these unpaid Invoices become Bad debts .
This is on account of the absence of protective clauses in the Recruiting Agreement.
The solution for this is to include an Arbitration clause .This will help the Industry to have some hold on the Client in recovering the dues.
The advantage by including this clause is will result in protective step being initiated in the Court when there is default without incurring heavy costs of Court Fee by invoking the Arbitration Courts help by requesting the Court to issue a direction to the Client pending the Arbitration proceedings. This will ultimately protect the recovery process of outstanding Invoices. The Industry should make a beginning if the clause is already not there in their Template.
With Regards
Advocates & Notaries & Legal Consultants for Recruiting & Staffing Industry
E-mail : rajanassociates@eth,net,
-9025792684-9025792634
In the recruitment Industry the problem of chasing payments from the Clients is a perennial issue. The reward for the effort which is the essence of the Recruitment Industry is taken away and these unpaid Invoices become Bad debts .
This is on account of the absence of protective clauses in the Recruiting Agreement.
The solution for this is to include an Arbitration clause .This will help the Industry to have some hold on the Client in recovering the dues.
The advantage by including this clause is will result in protective step being initiated in the Court when there is default without incurring heavy costs of Court Fee by invoking the Arbitration Courts help by requesting the Court to issue a direction to the Client pending the Arbitration proceedings. This will ultimately protect the recovery process of outstanding Invoices. The Industry should make a beginning if the clause is already not there in their Template.
With Regards
Advocates & Notaries & Legal Consultants for Recruiting & Staffing Industry
E-mail : rajanassociates@eth,net,
-9025792684-9025792634