What are the payment terms for clients?
An example of an AI chatbot conversation about client payment terms and conditions.
What are the payment terms for clients?
Payment terms typically specify when payments are due and any penalties for late payments. Would you like to know more about specific terms?
Yes, what are common payment terms used in contracts?
Common payment terms include Net 30, Net 60, and 50% upfront. Each term indicates when the full payment is expected.
What does Net 30 mean?
Net 30 means that the full payment is due within 30 days of the invoice date.
Are there any advantages to offering longer payment terms?
Yes, longer payment terms can attract more clients and improve cash flow management, but they may also increase the risk of late payments.
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