Hi Tony,
The 30 days payment terms aren't unusual. They're standard if you're going direct, so I guess the agent isn't getting paid much more often either. I mentioned this on another thread.
Personally I would have gone for weekly invoicing though. Credit cards (especially zero percent ones as someone has already said) will delay the day of reckoning. I wouldn't bank on the agent paying on time though - maybe more like 40-45 days if you include processing and clearing, especially if they only do one payment run a week. You could always ask the bank for an arrangment on your business account, especially as you have already got a contract and presumably some invoices as evidence of future income.
The 30 days payment terms aren't unusual. They're standard if you're going direct, so I guess the agent isn't getting paid much more often either. I mentioned this on another thread.
Personally I would have gone for weekly invoicing though. Credit cards (especially zero percent ones as someone has already said) will delay the day of reckoning. I wouldn't bank on the agent paying on time though - maybe more like 40-45 days if you include processing and clearing, especially if they only do one payment run a week. You could always ask the bank for an arrangment on your business account, especially as you have already got a contract and presumably some invoices as evidence of future income.
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