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Include dispute resolution clauses to outline how conflicts will be resolved. Keep detailed documentation of all business transactions. Establish procedures for dispute resolution in case of disagreements. Conduct credit checks before extending payment terms to customers or vendors.
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This white paper explores the complexities of retainage payment disputes in construction, examining their causes, relevant laws and regulations, alternative dispute resolution methods, and best practices for prevention. Des Moines Area Community College and Rochon Corporation of Iowa, Inc. n/k/a Graphite Construction Group, Inc.
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