Legal Question in Business Law in Ohio

I am a metal fabricator and have a customer which wants me to build a "custom truck bed" for a new 2011 Ford F350.

This is a custom product and I require a 60% deposit and the balance due on receipt.

What kind of form do I need upon the final payment and delivery of the product so the customer doesn't come back on me at a later date after they have accepted the product?

Thanks,

David


Asked on 11/26/10, 5:04 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I recommend you do a couple things. First collect 80% up front, and use a contract. The contract should specify payment of the remaining 20% balance is acceptance that the order meets with the full and unconditional approval. There may be some other clauses as well (warranty, etc.) Consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 12/01/10, 6:05 am


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