Understanding Non-Payment for Services Rendered

In an era where the construction machinery sector is highly competitive, with high production costs and thin profit margins, falling foul of the laws surrounding non-payment for services rendered laws can set a business back. That said, in addition to concerns with regard to loss of income, there is also concern with regard to overall operational efficiency and effectiveness. There are many facets to this, including loss of productivity along the lines of down-time as a result of poor project planning.

However, the basic question of non-payment as a breach of contract must always be borne in mind too. In order to provide businesses with some assistance in protecting what is theirs, the article linked to above has been produced. The article covers the scope and interpretation of laws with specific reference to South Africa’s legislative framework. However, these legal mechanisms are of global relevance – so long as the jurisdictional requirements have been met – and will provide the vulnerable business owner or manager with some food for thought when it comes to identifying and putting up front, legal protections as have been demonstrated to work in practice.

The bottom-line is that in all cases, whether it be a family owned business, or a major industrial manufacturer – careful planning and preparation will enable the business to protect its interests whilst not alienating its client base. Natural synergy between law and industry exists because the issues are universal and non-dismissable. Above all, when payment is secured deals are completed, and profits can be celebrated.