The other option is to offer an early payment discount, assuming that you can tolerate it with the rate you've established with them. In either case, there's a challenge what to do when they don't actually pay early and claim the discount, or they pay late and don't include the penalty. I suppose you can always bill them the next month.
----------------------------------------- Michael C. Rawlins, Senior Software Engineer, GXS Sent from personal account On 8/8/2011 1:24 PM, Rich Silva wrote: > > I have a client that needs to be prodded to send me payments… Oh, they do > pay… they don’t argue, but I always have to remind them at “Net 30” plus > one… > > My contract with them is about to be “re-upped” and I wanted to > include some > “late payment penalty” verbiage into the contract… > > Anyone want to toss out a sample of what they are using? I’m not > looking for > anything crazy, just enough of a reminder in their face that they do know > there are consequences to paying late… > > Rich > > Description: Wizard Clip Art SigRichard Silva > > Silva Software Services – United States > > Phone: (310) 387-8364 > > Email: <mailto:[email protected] <mailto:RichSilv%40Pacbell.net>> > [email protected] <mailto:RichSilv%40Pacbell.net> > > ü Please consider the environment before printing this email. > > [Non-text portions of this message have been removed] > > ------------------------------------ ... Please use the following Message Identifiers as your subject prefix: <SALES>, <JOBS>, <LIST>, <TECH>, <MISC>, <EVENT>, <OFF-TOPIC> Job postings are welcome, but for job postings or requests for work: <JOBS> IS REQUIRED in the subject line as a prefix.Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/EDI-L/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/EDI-L/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
