Video

Understanding Incoterms

What you should watch for when buying equipment

James Waite / Tuesday, March 1, 2022 0 27973 Article rating: No rating

Question: I’m buying some equipment, and the shipping terms in the purchase agreement refer to “EXW Incoterms 2020.” I’m generally familiar with “Incoterms,” but I don’t really have a lot of time to study what each one means.

Enforcing payment for goods, services and rentals

Know the pitfalls of mechanic’s lien law

James Waite / Tuesday, February 1, 2022 0 10216 Article rating: No rating

Question: I’ve rented and sold equipment to a customer for construction work, but I haven’t been paid. Can I file a mechanic’s lien on my own to get the money I’m owed?

Buying assets or equity

Either way, you could be required to assume the seller’s liabilities

James Waite / Saturday, January 1, 2022 0 10182 Article rating: No rating

Question: I’m considering buying a competing equipment dealership. I’m being told that I should buy the assets rather than the equity of the target business because, if I do that, my company won’t assume any of the seller’s liabilities. Is that true?

The case for a bill of sale

A rental contract isn’t enough

James Waite / Monday, November 1, 2021 0 9801 Article rating: No rating

Question: I sell new and used equipment. I usually don’t have buyers sign a separate contract or bill of sale because I have a provision in my rental contract that I believe covers sales.

Understanding COVID-19 restrictions