Who’s payment terms apply?

If no terms are agreed beforehand then the invoice is payable on demand – whatever terms the supplier wants. Interest and late payment charges can be applied after 30 days even if no terms agreed. 30 days net means 30 days from invoice date. You can claim the late payment charge up to six years after the invoice was due even if they pay just a few days after the 30 days.
 

Posted under Courier Basics, Courier Financial Issues, Late Payment

Posted by Alec at 6:12 pm, October 25, 2007

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