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Spending $40 on a late fee clause in my contract template saved me from chasing a $2k payment for two extra weeks.
I mean, the client paid right before the extra charge kicked in, so maybe it's just me but that small upfront cost feels like it did more than any follow-up email ever has, has anyone else had a specific clause actually work like that?
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fionamurphy1mo ago
My friend's contract had a clause for interest on late payments, and the client settled up the second they saw that number on the invoice.
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derekn181mo ago
Oh for sure, it's like a magic trick. That clause basically does the chasing for you because the threat is real. It turns a maybe into a math problem they have to solve.
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