Invoice payment terms

INVOICE PAYMENT TERMS ADDENDUM

This addendum sets the payment terms for invoices issued by [PROVIDER LEGAL NAME] (the "Provider") to [CLIENT LEGAL NAME] (the "Client") under [AGREEMENT NAME OR REFERENCE].

1. Payment Due Date

All invoices are due net 30 days from the invoice date ("Net 30"), unless a different term is stated on the invoice.

2. Late Fee

Amounts remaining unpaid after the due date will incur a late fee of [LATE FEE PERCENTAGE]% per month on the outstanding balance, or the maximum rate permitted by law, whichever is less.

3. Accepted Payment Methods

The Provider accepts payment by [ACCEPTED METHODS]. The Client is responsible for any processing fees charged by its chosen payment method unless otherwise agreed in writing.

4. Disputed Invoices

If the Client disputes any invoiced amount, the Client will notify the Provider in writing within [DISPUTE NOTICE PERIOD] days of the invoice date, describing the dispute in reasonable detail. The Client will pay all undisputed amounts on time while the dispute is resolved.

5. Stop Work Right

If any invoice remains unpaid for more than [OVERDUE DAYS] days past its due date, the Provider may suspend further work until the overdue amounts are paid in full, upon [SUSPENSION NOTICE PERIOD] days written notice. Suspension does not relieve the Client of its payment obligations.

6. Governing Law

These payment terms are governed by the laws of the State of [GOVERNING LAW STATE].

Agreed:

[PROVIDER LEGAL NAME]

Signature: _________________________ Date: [PROVIDER SIGNATURE DATE]

[CLIENT LEGAL NAME]

Signature: _________________________ Date: [CLIENT SIGNATURE DATE]