Payment terms

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Mr G Courier Service

2596
Original Poster

A friend of mine runs a small service company and has payment terms of 7 working days from receipt of invoice ( not unreasonable with the type of service he offers)

However one of the "big" firms he supplies have payment terms of 45 days from date of supply .

When chasing payment he is informed that "our terms are 45 days " and he says "mine are 7 "

Do you put the supply on hold or do you accept that if you deal with a big fish you can be bullied into accepting you get paid when they decide ?

Scott Reid

1029

Unless agreed in writing before hand I believe that the payment terms of the service provider take precedence.

Other than that the late payment laws allow for 30 days.

Scott.

Swiftukcouriers

1086

Think the big fish have him over a barrell. I think unless a solid contract was in place I dont think much point in pushing it.

Gas Motorcycle Couriers

3617

I have been in this situation on a couple of occasions ok my terms were not 7 but 14, and after a few calls low and behold Paid... I would tell him to make it clear to them its his terms and not theres.. The company in question was Red Bull, and yes Ive had further work from them..

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