Getting paid.
WHAT TO STATE
The amount When it is due How it is paid What happens if it is late
THE DUE DATE
A specific date or a period from invoicing.
Payment on receipt or within a short period, for small businesses.
DEPOSITS
State the amount and that work begins after receipt.
STAGED PAYMENTS
Tied to deliverables, with each stated.
LATE PAYMENT
You may state interest or charges.
Whether you enforce them is commercial.
Having the right is useful even if you do not use it.
WHAT TO STATE ABOUT SUSPENSION
That work may be suspended if payment is overdue.
That is reasonable and it must be stated to be relied upon.
WHAT TO AVOID
Terms longer than you can afford Starting substantial work before a deposit Leaving payment terms unstated
WHAT TO TAKE ADVICE ON
Recovery, if substantial amounts go unpaid.
