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Chapter
9

Craft a late payment clause

In this step, we’ll dive into how to craft a late payment clause — a freelancer's best friend. This simple addition to your contract protects you in the event that your client doesn't pay on time. Without a late payment clause, you could find yourself waiting weeks — or even months—to receive payment for your work. If you're like most freelancers, you can't afford to wait that long.‍

Part 11: Late payment clause  ‍

The late payment clause is pretty simple: it states that if the client doesn't pay within a specified period of time, they will be charged a late fee. 

The late fee can be a percentage of the total invoice amount or a flat rate fee. The most common late payment provisions are as follows:‍

  • Full payment within 30 days of invoice date.

  • Partial payment within 7 days of invoice date, with the balance due within 30 day.

  • 5% late fee for invoices that are paid more than 10 days after the due date.

Most freelancers include a grace period in their late payment clause, giving the client a few extra days to make the payment before incurring a fee.‍

Add a late payment clause to your three services.

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