Custom Software Blog Custom Software Consulting

Billing and Payment Terms

by Software Expert 8/5/2008 8:16:00 AM

It is a good idea to establish expectations for both billing and payment in your software consulting contract. Some of these matters may include:

  • Will purchase orders be issued or required?
  • How often will bills be issued?
  • In what format will invoices be sent? (digital via email, hardcopy via post)
  • Where will invoices be sent?
  • How soon must they be paid?
  • What forms of payment are acceptable?
  • Are there any discounts for prompt payment?
  • Are there any penalties for late payment?

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