Renegotiating terms during COVID

April 21, 2020

Share

Q. A few weeks ago there was an inquiry whether companies are looking to change payment terms. I have somewhat of an extension of that question. Are companies looking to renegotiate and achieve some temporary cost savings during the COVID crisis? To use a specific example of the type of thing I am thinking of, our annual recruiting subscription is currently not being utilized as a result of our temporary hiring freeze. Technically, one could argue that the subscription could/should be extended,…

  Free with Starter Membership!

Join IOFM today as a Free Starter Member to get access to hundreds of Articles, Webinars, Expert Answers, Resource Downloads, and more!

Join Today


Naturally, this forum doesn’t allow the kind of full information exchange necessary for the Institute of Finance & Management (IOFM) to provide legal advice and the Expert is not a tax attorney in any event. Please understand that the nature of our responses are limited by these constraints as well as the site’s Terms of Use. If you have further questions or suggestions about how we can improve IOFM, please let us know. 
Ask The Expert is a member resource of IOFM and all advice provided is subject to site’s Terms of Use.

Subscribe to our Monthly Insider

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500