The need to collect revenue owed to your business has never been more crucial; particularly post Covid.

Contractual Terms and conditions exist for good reason, however often companies fail to utilise them to their full and intended potential, at their financial detriment.

Research indicates the number of contractual breaches is on the rise and will continue to rise with an increasingly challenging economical landscape.

But where do you turn when a contractual agreement is broken, resulting in a loss of revenue to your business?

Leading Alternative Dispute Resolution (ADR) service provider, PreAction explains there are other routes your business can take before legal action. Which often produce more favourable results for both parties.

Drawing on their own experiences within the energy sector, PreAction commenced assisting energy suppliers & brokers recover lost revenue without costly legal fees and resource, negating the need for court action with a success rate of 64%.

PreAction's "Settlement on Success’’ or SOS ethos allows for a no-lose situation for their clients, only taking their fee once they achieve a settlement.

Calling on the expertise of their in-house counsel specialising in commercial disputes, PreAction continues to encourage engagement and communication with the parties involved.

The benefit of in-house counsel allows PreAction to deal with issues first-hand. Successfully avoiding the additional cost and resource court proceedings can bring.

PreAction also support clients with:

• Ombudsman Scheme: Supporting energy brokers to become compliant.
• Agency Law: Help defend against hidden commission claims
• Terms of Business: Ensure paperwork and documentation are appropriate