We are bootstrapping our startup, and so decided to do some consultation and development work as to get some funding while we grow our product.
About a year ago, we landed a contract with a big multinational corporation, which would pay us like 100k for a rather complex development we did for them.
We hired a lawyer and had a good contract drafted and signed, collected a 15% down payment in advance, and delivered our work in time.
However, it’s been six months since the date they were supposed to pay the remaining 85% they owe us, and they never did. Moreover, they keep ignoring our e-mails, calls, and even me personally when I visited them in their offices to ask them to pay.
The truth is we are running out of money, so can’t afford to take legal actions, as they are 10,000x our size and can afford to delay our case forever, and not even settle. What’s worse, we can’t even shut down the product we did for them (which is making them money, btw) because for “security reasons” it was deployed in their own servers.
Has anyone been through something like this? Any ideas would be greatly appreciated!