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Dairy wants to chop my corn
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Brandon SWIA
Posted 9/14/2009 07:54 (#846218 - in reply to #838229)
Subject: RE: Thanks for the advice!


Another option would be to have them put the money in an escrow account. Irrevocable letter of credit would be good too. An irrevocable letter of credit has to have a note or cash behind it. As soon as you document that you have fulfilled your end of the contract, the bank pays you. Make sure its an irrevocable letter of credit, not just a letter from the bank saying the dairy is good for it. Consult with an attorney that knows business, but I wouldn't have the attorney deal directly with the dairy. That would be a good way to sour the relationship.

Brandon
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