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0 pointsgavingmiller14y ago0 comments

Stipulate in your contract that the losing side has to pay the legal fees for the other party. That way getting paid doesn't cost you more.

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shabble14y ago

Granted incredibly unlikely, but doesn't that open the possibility of:

* Rip off developer

* Hire incredibly expensive legal team/legal buddy[1] to find small enough loophole in contract

* Bill developer for cost of legal as well as rip them off

* Profit?

[1] How do jurisdictions that auto-award costs handle contingency claims? Is "£0 if I lose, or £1M/hour if we win" a legitimate billing rate? I can't imagine it could be.

tsotha14y ago

I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance. So essentially it was like owing money to the IRS.

As far as I know nobody ever gave us trouble about payment.

jacques_chester14y ago

> I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance.

This is so common in the business world -- terms -- that there's a short hand minilanguage for describing your terms on invoices, purchase orders and contracts.

Here's a decent list: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=10...

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