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If we agree on net-60 and they actually pay net-60, then everybody is good. The problem is that anything > net-30 tends to be signaling that you'll get your mon
by poulsbohemian 8y ago
If we agree on net-60 and they actually pay net-60, then everybody is good. The problem is that anything > net-30 tends to be signaling that you'll get your money when we darn feel like it, maybe never. Yes, I understand that the larger the company, the longer the payment terms, but its that risk factor of the unknown that is the squeeze on the little guy. Ironically I was just discussing this with my partner this morning as I seek to collect on a debt of > 365 days... feels like there should be lots of opportunity for disruption around getting paid, as contract law (which should be the cornerstone of civilization) is not really helping me collect with any degree of speed.