Third-party vendors can play a critical role in the successful development and growth of a business. An organization can outsource tasks ranging from simple administrative tasks to complex manufacturing tasks. Don`t let this stop you from setting up strict payment enforcement mechanisms at the risk of losing a customer. Include contractual provisions for dealing with a customer who does not pay, para. B example the right to charge interest on late payments, the right to suspend services, to make the client responsible for the reimbursement of collection costs (e.B. lawyer`s fees) and to obtain a guarantee where appropriate and possible. Be clear about payment. Clearly define billing, payment terms, payment obligations, and billing periods. .
15 October 2021 BBP Admin Uncategorized
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