Payment terms are 14 days. Please be aware that according to the Late Payment of company Debts Acts, freelancers are entitled to claim a 00.00 late fee upon non-payment of debts after this time, at which point a new invoice will be submitted with the addition of this fee. If payment of the revised invoice is not received within a further 14 days, additional interest will be charged to the overdue account and a statutory rate of 8% plus Bank base of 0.5%, totalling 8.5%. Parties cannot contract out of the Act’s provisions.