Not everything is positive. There are events that are challenging and negative but are instructive And one can lose hope and despair.
One such business belong to was assigned to a protege. However due to curren economic crisis he missed out on his payment and made only partial payment on his term of contract/agreement. It was verbally terminated in the beginning to which our men made counter proposal a 100% penalty which was rejected... again.
We met again the other week: again verbal termination and more than that certain activities were ordered stopped verbally. This party requested for written reession of contract which we will wait
Our choices:
1. We wait and in the meantime stop activities
2. Ask for intervention from govt agency in charge of this businesses:
1 It being the business was formerly stopped by the said govt agency for non completion thus
it cant be strict with regards to its clients contracting parties
2 This party is not just being a vendee but a partner in development and will help solve
inventories of uncompleted project
In the the viber meet # 2 was chosen as viable alteernative so as not to lay waste to what has been spent...
This is a lesson on how to deal with legal disputes and protect our investments
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