Does anyone include a bit on invoices like "Accounts not paid within terms are subject to a .75% monthly (9% annual) finance charge" or something like that?

Tangentially, has anyone had an invoice with 30-day terms kicked back for revisions because the client's terms are longer, or do they just ignore what you've stipulated?

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I live in NYC and it’s technically illegal to pay freelancers later than 30 days so I have language to that effect on my invoices. I also charge a 5% late fee if it’s after 30 days which builds cumulatively every 30 days. Mostly clients listen. There’s really just one company I constantly have issues with.

I wish we had the Freelance Isn’t Free Act here in IL. Contractual interest is also capped at 9% annual here.

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