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9 Issues to Look for in the Payment Provisions of a Contract

9 Issues to Look for in the Payment Provisions of a Contract

March 1, 2021 at 3:02 PM - commercial contracts,

Virtually all contracts have payment-related provisions which can span a wide variety of ancillary issues, including invoicing, disputes over invoiced amounts, timing of payments, and remedies for late payments. When reviewing these provisions, your position will, naturally, depend on your role in the agreement: are you the vendor collecting payment or the customer making payment? In some situations, such as in co-marketing deals, payments will be flowing in both directions.

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