Every
day we are approached by sellers and service providers looking to recover money
from defaulters under invoices they have raised. 9 out of 10 times the invoices
don’t include some of the essential terms, which would make it much easier and
cost-effective for the client to file legal proceedings to recover their invoice
amount and also interest on that amount. Here are some points you ought to
include in your invoices:
1) “Subject to <city> jurisdiction”:
Let’s say you have an office in Mumbai but supplied goods to a company which is
located at Delhi. When the invoice is unpaid and you have to file a case, jurisdiction
can be a problem. You would probably want to file in Mumbai, but the other
company object that the case is supposed to go to Delhi because that’s where
the goods were delivered and that’s where their company has their offices (as
per law this would actually be a good defence!). If you mention “Subject to
Mumbai Jurisdiction” then it improves the chances of your case in Mumbai being
maintainable.
Every
day we are approached by sellers and service providers looking to recover money
from defaulters under invoices they have raised. 9 out of 10 times the invoices
don’t include some of the essential terms, which would make it much easier and
cost-effective for the client to file legal proceedings to recover their invoice
amount and also interest on that amount. Here are some points you ought to
include in your invoices:
