C2IT Consulting, Inc.

Late Payment Policy

October 1, 2008

Effective 11/1/2008, for all outstanding invoices unless otherwise noted. Any outstanding invoice at this time will begin to accrue finance charges as if it was due on 11/1/2008.

Late Payment Policy

Invoices for work performed or services/hardware purchased are due within 30 days unless otherwise noted.

Late payment will result in Late Fees and possible Service Suspension, which will be added to the total cost of the project or monthly services performed.

Definition of Late Payment

"Late payment" is defined as payment submitted after 11:59pm on the due date indicated on the invoice.

In the case of payments submitted as checks sent through the mail, both the check's date and the postmark date must be on or before the invoice's "due date" for the payment to be "on time". (Actual receipt date of the mailed check is immaterial, as mail processing time varies.)

Late Fees

In the following section, "days late" is defined as the number of calendar days after the invoice's due date.

A fee of $20 per week will be incurred by any client who fails to pay on time. This breaks down to:

1-7 days late: $20 total fee
8-14 days late: $40 total fee
15-21 days late: $60 total fee
22-28 days late: $80 total fee

After a payment is 29 days late:

An additional $80 fee will be incurred ($160 total fee)
All accounts and ongoing services may be suspended, and any service contracts will be terminated.
After a payment is 90 days late, the account may be turned over to a collections agency. The client will be liable for the $160 cumulative fee as well as any costs incurred by the collection process.
If the client later requests that the account be reinstated, reinstatement is contingent upon payment in full plus a fee of $40, and C2IT Consulting, Inc’s discretion.