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www.securityofpayment.com.au www.contractorsdebtrecovery.com.au Hello, Anthony from Contractors Financial debt Recovery back again with this ultimate episode in this 2nd series of films. So we have stored the best to very last. I don't know what award this one is heading to win but we're very hopeful it will win an award that hasn't even been invented nevertheless. I'll be in a class of my personal. Nevertheless, all right so what we're going to discuss about these days is this phenomenon in which you're carrying out all this work and you haven't acquired a agreement. Now let us stroll via this. This line is the separator. So let's look at the letter of intent. So occasionally on larger jobs your shopper will say here's a letter of intent, you start functioning but matter to a contract. You then start off operate on your letter of intent, you in no way get a contract. But the letter of intent says every thing is matter to a agreement. There is certainly a payment dispute and then your shopper says by the way here is the contract. Everyone here's the contract and the following are all the clauses you are in breach of and that is why I am not paying you. You've got never received the contract. You've witnessed it. But it hasn't been sent to you. And now there is certainly an argument is the agreement the letter of intent or is the arrangement the contract. Now that is your fault simply because you didn't insist on obtaining the contract there. Finding the contract, executing a contract, signing it. Alternately, you are going to supply a quote to your consumer and they will say excellent, commence perform topic to a agreement. Same ...
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