Payment Terms and Late Payment Penalties

Payment Terms: Client agrees to compensate LIAM IAN LLC ("Provider") for the services rendered according to the following payment terms:

[Specify Payment Schedule, e.g., 50% deposit upon commencement of services, with the remaining balance due upon completion].
[Specify Accepted Payment Methods, e.g., bank transfer, credit card, PayPal].
[Specify Currency, e.g., USD].

Late Payment Penalties: In the event that payment is not received by the due date specified in the payment terms, Client shall be subject to late payment penalties as follows:

[Specify Late Payment Fee, e.g., 1.5% per month on the outstanding balance].
[Specify Grace Period, if any, e.g., 7 days from the due date before late payment penalties apply].

Suspension of Services: Provider reserves the right to suspend or terminate services in the event of non-payment by Client, without liability for any losses or damages incurred by Client as a result of such suspension or termination.
Collection Costs: In the event that legal action is necessary to collect unpaid fees, Client shall be responsible for all reasonable attorney's fees and other costs incurred by Provider in connection with such collection efforts.
Dispute Resolution: Any disputes regarding payment shall be resolved in accordance with the dispute resolution mechanism outlined in the governing agreement between Provider and Client.

Effective Friday, April 26, 2024. This statement and clause serves as policy for LIAM IAN LLC™ and any subdivision or subsidiary entity or project authored, designed, coordinated, cultivated and/or owned by LIAM IAN LLC™.

DOC - PT/LPP - Payment Terms and Late Payment Penalties - 2024 - GENERATED BY CHAT GPT. - 2024.02.17.04.27.118 . 00.00 . L01 . D01