Legal Terms videos

Legal Terms explains one legal concept in about a minute, from mediation to statute of limitations. Each video links to a written guide with the details, examples and FAQs. The videos are general information, not legal advice.

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13 videos

I Chased an Unpaid Invoice Around the World… He Was Next Door!

Learn what to check when collecting an unpaid invoice abroad, from governing law and courts to EU shortcuts and local enforcement.

Further reading: New Jersey Commercial Debt Collector: Pharma & Ports Hub

The Debt Letter So Good, the Debtor Hired Us (Letter Before Action Explained)

A letter before action is your last formal warning before court: it sets out the debt, a payment deadline and what happens if it is ignored.

Further reading: 10 Eggs → 10,000: The Bakery That Turned Crisis Into €31K Profit

Your Late Payer Owes You Interest (and €40): Late Payment Explained

Learn how EU late-payment rules let businesses claim statutory interest and €40 per late invoice, and why payment terms matter.

Further reading: Pennsylvania Debt Collection Agency: Manufacturing & Healthcare

Mediation: How to Get Paid Without Losing the Client!

Mediation helps both sides settle an unpaid invoice with a neutral mediator and can preserve the business relationship.

Further reading: The 5 Real Reasons Your B2B Client Stopped Paying (Only One of Them Is "They Can't Afford It")

Signed a Personal Guarantee? They Can Take Your House (Explained in 60 Seconds)

A personal guarantee is a promise to pay a company's debt if it doesn't, putting your house, savings and car at risk.

Further reading: DSO Benchmarks: Construction vs Tech vs Pharma

Breach of Contract: What Can You Do When a Supplier Doesn't Deliver?

A supplier's breach of contract may let you claim damages or end the contract, depending on how serious the breach is.

Further reading: How to Enforce Debt Collection Across Jurisdictions: The Jurisdiction Handoff Ladder™ (B2B)

You Win Because They Didn't Show Up: Default Judgment Explained

A default judgment is a court decision in your favour because the other side failed to respond to your claim.

Further reading: Debt Collector Milan: The Dispute-Safe, Evidence-First Guide to Getting Paid

"I Ran Out of Money" Is Not Force Majeure (Explained in 60 Seconds)

Force majeure can excuse contract performance after an unforeseeable event, but running out of money generally does not excuse payment.

Further reading: Debt Collector Richmond Virginia: The Proof-First Guide to Recovering Business Invoices

Your Unpaid Invoice Has an Expiry Date (Statute of Limitations Explained)

The statute of limitations sets a deadline for taking legal action over an unpaid invoice, and the rules vary by country and claim.

Further reading: B2B Debt Collection Agency Spain: How to Collect Unpaid Invoices Without Getting Stuck in "Dispute Limbo"

What Is Arbitration? Explained in 60 Seconds

Arbitration is a private way to resolve disputes outside court, with a neutral arbitrator whose binding decision is called an award.

Further reading: $300K CFO Can't Fix Collections Problem: What Actually Works

What Is Promissory Estoppel? Explained in 60 Seconds.

Promissory estoppel is a legal rule that can make a promise binding without a contract when reliance on it makes going back on it unfair.

Further reading: €1,799 iPhone Fold: More Than a Laptop, But CFOs Might Buy It

What Is Negligence? Duty, Breach, Causation & Damage

Negligence is a failure to take reasonable care that causes real harm to someone else.

Further reading: The 90-Day Rule: Why Waiting To Collect Costs You Money

What Is Hearsay? Explained in Under 2 Minutes | Legal Basics

Hearsay is an out-of-court statement offered to prove it is true. Learn why courts exclude it and which key exceptions may apply.

Further reading: German Debt Collection: What American Companies Get Wrong (And How to Fix It)