Every contract should have a clause that deals with payment terms and the mechanics of getting paid. Remember ‘CASH’ and you will cover the basics every time:
Consequences of late payment: interest on late payment, down tools, cancel the contract?
Amount to be paid: does it include VAT, delivery and expenses?
Settlement: is payment to be on completion, in instalments, in arrears..?
How will you be paid- in cash, bank transfer or cheque?
And if you do well, you can put all your hard earned cash in the Fidelity Fiduciary Bank !