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Has your business been paid with a check endorsed as “Payment in Full?”

May 26, 2023 on 5:13 pm | In Business Law, John Tarley, State & Federal Litigation | Comments Off on Has your business been paid with a check endorsed as “Payment in Full?”

Many of us have been paid by a check that includes the written endorsement of “payment in full.” By this endorsement, the maker (writer of the check) intends to settle any dispute once the payee (recipient of the check) deposits the check. The payee worries that by depositing the check, he is waiving any right to demand full payment for the service or supply provided. This blog post addresses Virginia law and each party’s rights with respect to the endorsement of “payment in full.”

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