BILLING & COLLECTION PROCESS Clause Samples

The Billing & Collection Process clause outlines the procedures and timelines for issuing invoices and collecting payments under an agreement. It typically specifies when invoices will be sent, acceptable payment methods, and the timeframe within which payments must be made, such as net 30 days from the invoice date. This clause ensures both parties have a clear understanding of their financial obligations and helps prevent disputes or delays related to payment.