Re: FN-FORUM: Charging interest for non paying client

date posted 21st April 2008 12:38

Hi Duncan,

At 11:59 +0000 21/4/08, Duncan Glendinning wrote:
>Thanks for that feedback - I thought that as a sole trader and
>therefore a smaller entity 14 days was ok?
>
>No?


AFAIK 30 days is just a standard period set in law where no other
payment period has been specified. If you like, you can set terms of
payment on demand - as per my accountant. :(

If your client expects you to wait until they are paid for a specific
project without having agreed this with you in advance, then they
could simply keep you waiting forever and you have no power to chase
their customer for the debt.

I can't see this being legally defensible.

ColinR
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