Receiving part payment for money owed is a good thing, right? Actually no, it isn't always… That's because you could be waving goodbye to the full amount if you're not on your guard.
How come? Well, it's all down to the 'full and final settlement' trap where a debtor makes a written or verbal statement saying the payment now settles the matter. This is quite often because of a grievance related to the product or service you provided, and what's more, you may not be aware the grievance even exists.
So how can you avoid the 'full and final settlement' trap?
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