1. Payment Terms
All payments over $1000 (anything under must be paid on the day work is completed) are due within 14 days of the invoice date, unless otherwise agreed upon in writing.
2. Late Fees
If payment is not received within the 14-day payment term, a late fee of 10% of the total invoice amount will be added to the outstanding balance.
3. Late Fee Calculation
The 10% late fee will be calculated based on the total amount due on the invoice, and it will be added to the invoice balance immediately after the 14-day period has expired.
4. Additional Charges
Continued failure to make payment may result in further action, including but not limited to, additional charges, interest accumulation, or legal proceedings.
5. Disputes
Any disputes regarding the invoice or the services provided must be raised within 7 days of receiving the invoice. Failure to raise a dispute within this time frame will be deemed an acceptance of the invoice.
6. Service Suspension
In the event of late payment, the provider reserves the right to suspend services until full payment, including any late fees, is received.
7. Communication
All communications regarding payments and invoicing should be directed to the contact provided in the invoice.
8. Amendments
These terms and conditions may be amended at any time, with notice provided to the client in writing.
By engaging in services and accepting the invoice, you agree to these payment terms and conditions.
These conditions ensure a 10% late fee is automatically applied after two weeks of non-payment. Does this work for you, or would you like to adjust any part of the wording?