Financial

Before you sign an agreement, check whether the other party is authorized to sign: is he allowed to sign on behalf of his company, and without restrictions? This is usually evident from the extract from the Chamber of Commerce...

A proof of payment demonstrates that you have paid for a product or service. This does not need to be a signed document: a bank statement or receipt is sufficient. Because the payer has a debt to bring...

You may pass on collection costs and (statutory) interest to a customer who pays late, but only after the payment term has expired and you have sent a reminder — for consumers with a...

A financing clause is only effective if you invoke it exactly according to the agreed formalities — often a written notification to both the seller and the notary, with proof of rejections. If you fail to do so,...

A convertible loan is an ordinary loan with one particularity: the repayment can be converted into shares. It is a popular, relatively simple way for start-ups to raise capital...

The Private Agreement Homologation Act (WHOA) has been in effect since January 1, 2021, and makes it possible for a company in financial difficulties to reach an agreement with (part of) its creditors....

If you receive a liability claim, you have roughly three options: reject the claim, reach a settlement (recorded in a settlement agreement with final discharge), or — if you are insured —...

With a subordinated loan, the lender ranks behind the other creditors upon repayment: the lender is only paid once they have been paid. As a result, the loan strengthens the financial position of the...

If you lend money, arrange more than just trust. It starts with a good loan agreement, and with collateral such as a pledge, mortgage, or surety, you are in a much stronger position if the...

Customers pay faster if you invoice on time and without errors, apply a short payment term of 14 to 30 days, include clear sanctions in your general terms and conditions, consistently send reminders, and timely payers...