Find what a contract says about price, invoices and when payment is due
Payment terms decide how much is owed, when it is invoiced, how long the payer has to pay, and what happens if payment is late or disputed. They are often split between the main agreement and a fee schedule or order form. Ask Search+ "When is payment due after an invoice, and is interest charged on late payment?" and the answer cites the relevant wording from each document so you can check the numbers at the source.
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Last updated October 2026
How to check payment terms with Search+
- Upload the agreement, fee schedule and order forms
Prices usually live in a schedule or order form while the rules about invoicing and late payment sit in the main agreement. Upload all of them so an answer can connect each price to the rules that govern it.
- Ask about price, invoicing and due dates in turn
Ask what the fees are and how they are calculated, then when and how invoices are issued, then how many days the payer has. Separate questions make each citation easy to check.
- Ask about late payment, set-off and taxes
Open the citations, then ask what happens if payment is late, whether either side may set off sums it is owed, and whether taxes sit on top of the fees. Suspension rights for non-payment are sometimes in the termination section.
Questions to ask about payment terms
How many days after receiving an invoice do we have to pay?
Does the contract charge interest or a fee on late payment, and from when?
Can we deduct amounts the supplier owes us from what we pay, or does the contract forbid set-off?
Does the time to pay run from the invoice date, from receipt of the invoice or from delivery?
Are taxes included in the fees or charged on top, and in what currency and by what method must we pay?
Can the supplier suspend the services if we pay late, and after what notice?
What to look for in payment terms
Fees are often in a schedule or price list rather than the main body. Ask across the whole workspace so the answer can cite the document that actually sets the price.
Contracts commonly give a number of days from the invoice date or from receipt of the invoice to pay. The starting point matters as much as the number.
Interest, late fees, suspension of service and termination rights are common remedies for non-payment. Some places also have rules on late payment between businesses, so the contract may not be the only source.
A well-drafted payment clause sets a process and time limit for disputing an invoice and says whether undisputed amounts must still be paid on time.
Look for rights to increase prices, index-linked adjustments and set-off, which lets a payer deduct amounts owed to it. Each one changes what is actually paid.
Search+ cites the clause behind each figure it reports, with a page or section reference where the contract includes one. Check amounts and dates against the cited excerpt, since AI answers can be incomplete.
Payment wording and what to ask next
| Wording you may see | What it usually signals | A follow-up question |
|---|---|---|
| "net 30" or "within thirty days of receipt of invoice" | A payment period counted from the invoice or its receipt | Does the period start from the invoice date or from receipt? |
| "interest on overdue amounts" | A late payment charge | How is the rate set, and from when does it run? |
| "undisputed amounts" | Partial payment during an invoice dispute | How long do we have to raise a dispute? |
| "fees are exclusive of taxes" | Taxes charged on top of the price | Which taxes are the customer's responsibility? |
| "may increase the fees upon notice" | A right to raise prices | How much notice is required, and is there a limit? |
| "right to suspend" | Services can stop for non-payment | How long after an overdue invoice can services be suspended? |
| "set-off" | Deducting amounts owed from payments | Does the contract allow or forbid set-off? |
What are payment terms in a contract?
Payment terms are the provisions of a contract that set out the price or fees, how and when they are invoiced, the time allowed for payment, the accepted payment method and currency, and the consequences of late or disputed payment.
Payment terms questions
Can Search+ tell me when an invoice is due?
Can it read the price from a fee schedule?
Does it find late payment penalties?
Does the contract let either side set off amounts it is owed?
Can I compare payment terms across suppliers?
Does Search+ give financial or legal advice on payment terms?
Know what you owe and when
Start a workspace, upload the contract and its fee schedule, and ask when payment is due.
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