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by napoleond
4400 days ago
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It might be a regional thing; every independent professional I've ever hired has done something like "Net 30; 1.5% interest per month on late invoices" so businesses here are used to it. I've never tried it myself (benefit is marginal compared to just raising rates, as you say, plus it's a PITA to actually enforce) but I don't think it would have presented any problems in legal. YMMV, obviously :) |
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