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Reorder Pages Credit Agreement

Reorder Pages Credit Agreement

Aug 6th, 2022

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How to Reorder Pages Credit Agreement

4.9 out of 5

30 votes

In this segment of the Five-Minute Legal Master Series, expert attorney Nicholas D. Kralik discusses the importance of credit agreements. He emphasizes that creditors, particularly in sales, often overlook the potential risks when extending credit to new customers. It's crucial for creditors to recognize that they are lending their company's money and may face non-payment risks. Kralik advises that the beginning of the business relationship is the ideal time to proactively establish rights and remedies, preparing for potential collections from day one. He stresses the need for creditors to be prepared for the possibility of their new customers becoming non-compliant debtors.

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