⚖️ Why Use Professional Invoice Terms?

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For All Businesses

Essential for freelancers, SMEs, and large companies issuing invoices. Protects cash flow with clear payment expectations, late payment interest rights under the Late Payment of Commercial Debts Regulations 2013, and legally enforceable terms.

⏱️

Faster Payment Collection

Clear terms reduce payment delays by 40% on average. Includes automatic interest calculations, compensation charges, and collection procedures that encourage prompt payment while maintaining professional relationships.

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Legal Protection

Creates binding contract terms when invoice is issued. Includes retention of title, liability limitations, and dispute resolution procedures that protect your business and simplify debt recovery if needed.

📚 Official Resources & Legal References

💰 Late Payment Interest Rights 📋 Late Payment Regulations 2013 📄 HMRC Invoice Requirements 📊 Credit Management Institute

Invoice Terms Builder

📅 Effective Date

Invoice Terms Effective Date * Date these terms come into effect

🏢 Your Business Details

Business Name *

Trading As

Company Registration

VAT Number

Business Address *

Accounts Email *

Accounts Phone

💰 Standard Payment Terms

Payment Due (Days) *

Payment Due From

Early Payment Discount (%) 0 for no discount

Early Payment Within (Days)

Accepted Payment Methods

⚠️ Late Payment Terms

Late Payment Interest Rate (%) Above Bank of England base rate (8% is statutory)

Late Payment Compensation

Custom Compensation (£)

Grace Period (Days) Days before late fees apply

Collection Action After (Days)

🏦 Bank Details

Bank Name

Account Name *

Sort Code *

Account Number *

IBAN (International)

SWIFT/BIC Code

📋 Additional Terms

Currency

Dispute Period (Days) Days to raise disputes after invoice

Retention Period (Years) Invoice record retention

✅ Optional Clauses

Retention of Title

Credit Check Rights

No Set-Off Clause

Confidentiality Clause

IP Rights Protection

Liability Limitation

GDPR Statement

📄 Live Terms Preview

Invoice Terms & Conditions

💡 Purchase to unlock all export features

📝 Note: These invoice terms ensure prompt payment and legal protection. Add them to your invoices or display on your website. The Word export allows full customisation.

INVOICE TERMS & CONDITIONS

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Invoice Terms Generator