I'd like to thank everyone for commenting on this issue. FYI...
100% are in favor of starting the invoicing right away...done. 75% in favor of calling lawyers in... 25% in favor of working it out, specially with chap 11 on the horizon Now on the accounting side, If I invoice them and they fail to pay, and if my accounting is on a 'Occuring Basis' (I am not sure if this is the right term, but its the non-cash way) and I show this amount as a revenue but not collected, then what.. Is the entire amount deducted from my revenue before tax? Which means I really recover 30% of the total bill...right? Oh...and since the community has been so nice to allow this thread to continue...perhaps just send your reply to me directly so this thread sort of dies out.... Thanks.... On Wed, 21 Nov 2001, Medi Montaseri wrote: > > Hi....I know this is not the lawyers hang-out, but it is seasoned > contractor's hangout and as such I need some legal advice...May I? > > I did some work (about $25000 worth) for a customer and I'm having > problem collecting. > > One big problem is that I don't have a formal signed hardcopy contract > binding my customer to the work and cost. I however do have verbal, > email communications, FTP logs, Web Access logs, hardcopy business > projections, Witnesses and such showing that I'm not making this up. > > After months of promissing sweet equity, partnership, this and that, > finally customer has asked me to invoice them and charge interest for the > unpaid balance. At the same time customer is using the application > I wrote for them. I however have a feeling that they are simply buying > time and differing the problem. And they might even file chapter 11 as > their marketing projection was not so correct. But I did my part. > > What can I do? > > Should I see a lawyer, and put out yet some more money towards something > that could never materialize? > > Is there some kind of Small Business Arbitration Committee? > > I'm in Northern California, Bay area.... > > Thanks > > -- ------------------------------------------------------------------------- Medi Montaseri [EMAIL PROTECTED] Unix Distributed Systems Engineer HTTP://www.CyberShell.com CyberShell Engineering -------------------------------------------------------------------------
