Large companies not paying their bills because they can get away with it is such bullshit. Trump famously did this with small business contractors at some of his casinos.
The reason it's such bullshit is that it's essentially hostage taking: "Why yes, I know we owe you $10 million and that's what we agreed to, but we're just not going to pay. You can sue us, but we have top notch lawyers that can drag it out for a long time, or else you can settle with us for $7 million right now."
I think there should be an equivalent of "small claims court" for cases like these where flat out missed payments are handled quickly and without the need for expensive lawyers, e.g. "Here's our contract, there is no disagreement that we delivered, so freeze their bank accounts if they don't pay us immediately."
Drag it out? Force you to have to hire a lawyer to get paid?
Point being, I don't think a top notch lawyer will win, but given the cost of litigation (plus the time value of money), expensive corporate lawyers can force small vendors to settle with a sizable discount.
The reason it's such bullshit is that it's essentially hostage taking: "Why yes, I know we owe you $10 million and that's what we agreed to, but we're just not going to pay. You can sue us, but we have top notch lawyers that can drag it out for a long time, or else you can settle with us for $7 million right now."
I think there should be an equivalent of "small claims court" for cases like these where flat out missed payments are handled quickly and without the need for expensive lawyers, e.g. "Here's our contract, there is no disagreement that we delivered, so freeze their bank accounts if they don't pay us immediately."