2 Client Agreement Tips
Including clauses for late fees and attorney's fees in client agreements serves key purposes:
Late Fees Clause:
1. Encourages prompt payments.
2. Compensates for delays and extra efforts.
3. Maintains a healthy cash flow for the service provider.
Attorney's Fees Clause:
1. Encourages dispute resolution before legal action.
2. Protects the prevailing party in legal disputes.
3. Deters frivolous claims or defenses.
Both clauses help keep the contract running smoothly, giving reasons to pay on time and resolving any issues fairly. Getting input from legal pros is a good call to make sure processes are followed and the law is adhere to.
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