Today's term: the late payment fee

Today's term: the late payment fee

Most creators chase overdue invoices with polite emails. A single contract line does the chasing for you.

What it is — a late payment fee is interest the brand owes if they pay after the agreed date.

Why it matters — it turns "we'll get to it" into a cost for them, so your invoice moves to the top of the pile instead of the bottom.

Simple example — add: "Invoices unpaid after 30 days accrue 2% interest per month." On a $500 deal, that's $10/month, small, but it gets attention.

Your move — put one late-fee sentence in every agreement. You'll rarely need to enforce it. You'll just get paid on time more often.