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The first step toward ensuring clients pay on time is setting up a collection system. But what happens if they still don't pay up? There are three common dispute resolutions to consider for next steps.
RELATED: How to Set up a Collection System
Construction lawyer Thomas Croessmann, managing partner of Croessmann & Westberg, explains the three possible choices to get that payment: mediation, arbitration, and ligitation. Each differ on approach, but can provide the same result. Croessmann outlines the basics of each, along with pros and cons to help you decide.
Watch to see which option fits your situation best: