What Being Ripped Off Taught Me | Hacker News
Key summary
Payment is due X days after invoice receipt, or immediately once the consultant has addressed any quality issues.
Late payment incurs interest at 8% above the BoE base rate and a £100 late fee under UK late‑payment rules.
Partial payments are allocated to late fees, then interest, then principal; a late payment makes the next deliverable invoice immediately due.
On late payment the consultant may shift deliverable deadlines without liability and will stop sharing downloadable links until paid (view/comment only).
Terms also specify payment currency or an Oanda exchange rate, client‑borne bank fees, OUR SWIFT code, England & Wales law, mutual indemnity caps (up to contract value and not beyond X GBP), and stats from ~2,000 invoices over 5 years—~1% default, 23‑day average delay, stoppage speeds payment by 11 days.
