Payment Terms & Late Fee Policy Generator
Build clear Net 15, Net 30, or Net 60 invoice terms, then copy the clause or add it directly to a free invoice.
Choose a policy and generate a refreshed clause.
Example wording only, not legal advice. Late fees and discounts can be limited by local law and should match the agreement accepted by your customer before they apply.
Copy-ready clause formats
Payment terms examples for invoices and contracts
Use this free payment policy builder to customize these starting formats. The examples are general drafting aids, not legal advice, and late-fee wording should match applicable law and your signed agreement.
Payment terms template
Payment terms: Net 30. Full payment is due within 30 calendar days of the invoice date and by the due date shown.
Late fee policy example
To the extent permitted by applicable law and agreed in the contract, a monthly finance charge may apply after the selected grace period.
Early payment discount format
A 2% early payment discount applies when payment is received within 10 calendar days; otherwise the full invoice amount remains due.
Clear invoice expectations
Put payment timing in writing before work becomes overdue
A useful policy names the due window, payment methods, any incentive for early payment, and any agreed consequence of late payment. Keep the same language in your proposal, contract, and invoice so the customer sees one consistent policy.
Choose a due window
Use Net 15, Net 30, or Net 60 based on your cash-flow needs and client agreement.
State incentives clearly
Give both the discount percentage and the exact number of days in which it applies.
Agree before charging
Late-fee wording should be permitted locally and accepted before a balance becomes overdue.
Payment terms generator FAQs
What do Net 15, Net 30, and Net 60 mean?
They set the number of calendar days after the invoice date when full payment is due. Net 15 is due in 15 days, Net 30 in 30 days, and Net 60 in 60 days.
Can I charge a late fee on an invoice?
A late fee may be allowed when it follows applicable law and the customer agreed to the policy before the charge. Limits and notice requirements vary, so review local rules and your contract.
What is an early payment discount?
An early payment discount reduces the balance when a customer pays within a stated period, such as 2% off when payment arrives within 10 days.
Can I add these terms to an Eonebill invoice?
Yes. Select Use in free invoice and the generated clause will be placed in the Payment terms field, where you can review and edit it before generating the invoice.
Need to calculate interest on an invoice that is already late? Use the late payment interest calculator.