June 1, 2007, Newsletter Issue #119: When my web design firm bills me, what are the “payment terms”?

Tip of the Week

Web design firms provide payment terms for their clients. Payment terms are the allotted time given to the client, to receive, process, and submit payment for their bill. All web design firms give their clients a standard "Net 10" payment term. This means that the client will have ten calendar days from the day the invoice was printed, not the day it was received, to send payment to their web design firm.Special payment terms are available on a case-by-case basis and usually are predetermined at the time of the contract signing. Check with your web design firm for more details.

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