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I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the out
by tsotha 15y ago
I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance. So essentially it was like owing money to the IRS.
As far as I know nobody ever gave us trouble about payment.
- jacques_chester 15y ago> I used to work for a company that put a late-payment clause right in the contract. If you didn't pay us you were on the hook for a fee plus interest on the outstanding balance. This is so common in the business world -- terms -- that there's a short hand minilanguage for describing your terms on invoices, purchase orders and contracts. Here's a decent list: http://www.businesslink.gov.uk/bdotg/action/detail?itemId=1073791761&type=RESOURCES http://www.businesslink.gov.uk/bdotg/action/detail?itemId=10...