Late Fee Addendum
Amends an existing contract to add late-payment penalties. Both parties sign.
LATE FEE ADDENDUM
This Addendum, dated October 6, 2026, amends the agreement between [Provider] and [Client] originally dated [date] regarding the project titled "[Project]" (the "Agreement").
1. Late Payment Fees
Any amount not paid within 7 days of the invoice due date shall incur a late fee of 1.5% per month on the unpaid balance, compounding monthly until paid in full.
2. Suspension of Work
Provider may suspend all work, including delivery of final deliverables, if invoices are more than 30 days past due. Work resumes upon full payment of outstanding amounts plus accrued late fees.
3. Collection Costs
If Provider is forced to pursue collection, Client agrees to reimburse reasonable collection costs, including attorneys' fees.
4. All Other Terms
All other terms of the Agreement remain in full force and effect.
Provider · ____________
Client · ____________
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All 31 tools →Put the terms on the invoice itself
Payment terms and due dates live on the invoice the client reads, so the expectation is set before anything is late.