The "hell or high water clause" could be changed to help small businesses
By Hicbd
Fri Apr 15 2022 11:50 am
"Small business owners often rely on leasing for the equipment they need, from trucks to restaurant ovens. It’s a way to get set up without having to pour in a lot of cash...According to The Wall Street Journal, the culprit is a provision in most lease and finance contracts that binds owners to make years of monthly payments, no matter what happens to their business and even if the equipment doesn’t work or is returned. The industry calls it the “hell or high water clause.”
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