Pink Floyd Songs and Debt Collection – Goodbye Blue Sky

Forum, Jury Waiver, and Personal Jurisdiction Statements

“Goodbye Blue Sky”

When a contract fails, both sides must say “Goodbye Blue Sky.” When litigation is inevitable, incorporating clauses dictating where and how a lawsuit will be heard helps shield the creditor from the oncoming storm. The parties can decide where any disputes will be resolved at the commencement of the arrangement, as well as any revisions or additions made throughout the deal’s lifespan. It would be wise for a creditor to pick a forum and location that is handy for it. Arbitration or a particular region may be among them (e.g., any court of general jurisdiction in Davidson County, Tennessee, whether state or federal). The inclusion of a jury trial waiver in loan contracts is now customary, but occasionally creditors will overlook it. A great way to cut costs is to include a jury trial waiver. Such disclaimers are legally binding and help avoid unpleasant outcomes from jury nullifications.

These are only a few recommendations for creditors to think about. Please don’t hesitate to get in touch with me for further details on these and other topics! Now enjoy some Pink Floyd music!

We would like to acknowledge Ron Steen at Thompson Burton in Tennessee, as the original author of this tongue-in-cheek look at Pink Floyd and the Debt Collection Legal Industry

 

Marcadis Singer, PA
5104 South Westshore Blvd.,
Tampa, Florida.
Phone: (813) 288-1881

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