We recently invited Joanna Oakey, Director of Aspect Legal to a webinar on the topic, ‘The Legal Challenges of a Growing Business’
Here’s what she said –
The reason for non-payment and slow payment, is a lack of provision in your client agreement when they don’t pay on time. You have the right to charge interest and the right to charge administration fees. I’ve seen some great examples of business owners adding discounts for early payment or discounts for on-time payments.