We’ve also learned this lesson the hard way. These are now the clauses we require in every project we do: - Payment is due X days after receipt of invoice, or immediately after the consultant has addressed any quality issues, whichever is sooner - Late payment shall incur interest at 8% above the BoE base rate and a late fee of 100 GBP as per the UK Late Payment Legislation. Partial payments on invoices shall apply t…
Oh and another lesson! Ensuring that each deliverable invoice is small enough that it falls under the simplified claims procedure (in the UK it’s 10,000 pounds) greatly simplifies collection. It costs something like 80 quid to file for recovery in court and in our experience invoices are immediately paid up when a “Letter before action” is sent. You burn the relationship, but arguably you probably don’t want it anywa…
This isn't arbitrary peanut-gallerying, I've walked away from several jobs that weren't anywhere near as bad as the one in TFA because I couldn't see any way forward that wasn't going to end in disaster. One of them at least, I'm fairly certain, would have ended up in criminal prosecution.