ContractsCounsel Logo

Legal Questions and Answers

Get free proposals from vetted lawyers in our marketplace.

GET FREE PROPOSALS
No upfront payment required. Pay only if you hire.
Home Q&A Forum Payment terms in a business contract?

Vendor Financing

Business Contract

Ohio

Asked on Sep 22, 2023

Payment terms in a business contract?

I am a small business owner entering into a contract with a vendor for services. I am concerned about setting appropriate payment terms and want to make sure I understand the legal implications of the terms I am agreeing to. I need to know what is legally binding in regards to payment terms in a business contract.

1 Attorney answer

Answer

Vendor Financing

Ohio

Answered 294 days ago

Jeffrey K.

ContractsCounsel verified

Business Lawyer
Licensed in Ohio
Free Consultation

The payment terms listed in the contract would be binding upon your business if you enter into the vendor agreement. Depending on who the vendor is, you may have the ability to negotiate the payment terms with the vendor. I'd be happy to assist you in the review of your vendor agreement and discuss what your obligations are and how you can make a counter proposal for payments.

Use of the ContractsCounsel Q&A Forum does not create an attorney-client relationship between User and any Lawyer User. The Forum is not a substitute for legal advice from a lawyer but is intended to be educational and to help the user determine if legal services are necessary. The Forum, Content, and communications on the Forum do not constitute legal advice.
Meet some lawyers on our platform

Zachary J.

387 projects on CC
CC verified
View Profile

Damien B.

19 projects on CC
CC verified
View Profile

Brian S.

16 projects on CC
CC verified
View Profile

Forest H.

242 projects on CC
CC verified
View Profile

Find lawyers and attorneys by city