Liquidated Damages
Many companies charge unnecessary and undue liquidated damages to vendors even when the delivery is on time, meeting standards. That way they get 15-20% lower prices or discount. Can ministry of commerce or msme do something here so the small entrepreneur or sme has protection. My father has a case going right now where 3 of his customers have played this tactic. The entire business and its existence is under threat.
Like to hear from MSME or DIPP or other Govt depts who can guide or help. more
Like to hear from MSME or DIPP or other Govt depts who can guide or help. more
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dont worry.start negotiation prepare for litigation......p c k sharma 9390036900 On Sat, Feb 25, 2017 at 1:47 AM, Vishal Khanna wrote: > more
Feb 26
There is a committee constituted under the delayed payment act, under the chairmanship of the director of industries in each state, which is known as" FECILITATION COUNCIL ". You may approach them by making a grivence with necessary documents and supporting evidence. This may be one source that came to my mind. I represent an organisation called All India forum for small and medium industries, Hyderabad. We guide MSME entrepreneurs in times of distress and also provide all kinds of assistance for the success of their enterprise. Wish you all the best. more
Feb 26
Amazing topic. Liquidated damages is a condition or term which is very well made known to contractors in advance before their filling the tenders or submitting their bids whether by way of hard copies or on line. Therefore, one has the opportunity in advance to calculate and examine whether this condition is acceptable to them or not in the event of any forcemajure clause. I think this is unnecessary fuss. more
Feb 26
Dear, Its simple. Please take snap shot of the product before Delivered to the customer and also demand the snap shoot from the customer on "Watts app " just after delivery..... more
Feb 26
