The Importance of Updating Terms and Conditions to Protect Against Payment Scams
Businesses are encouraged to review and update their terms and conditions (T&Cs) to establish clear contractual rights and obligations regarding payments. This call to action follows a landmark decision by the Western Australian District Court involving an invoice scam that resulted in significant financial losses for one company. In March and April 2022, Mobius issued invoices to Inoteq totalling $235,400 for services rendered. Unbeknownst to [...]