1. Payment Terms

• Payment is due within 14 days from the invoice date.

• Payments must be made in the currency specified on this invoice, unless otherwise agreed in writing.

• The client is responsible for all bank transfer fees and currency conversion charges.

• Payments must be made via bank transfer or debit card.

 
2. Late Payment Interest
If payment is not received by the due date, we will charge interest on the overdue amount at:

• 2% per month (compounded monthly) on the outstanding balance, OR

• 5% above the Bank of England base rate per annum (where enforceable under the UK Late Payment of Commercial Debts (Interest) Act 1998).

• Interest accrues daily from the due date until full payment is received.

 
3. Debt Recovery & Legal Action

• If an invoice remains unpaid beyond 60 days, we reserve the right to pass the debt to a collection agency or take legal action.

• The client will be responsible for any debt recovery costs, legal fees, and collection charges incurred.

 
4. Governing Law & Disputes

• These payment terms are governed by the laws of England and Wales.

• Any disputes regarding unpaid invoices will be handled under the jurisdiction of the UK courts.

 
5. Avoiding Late Payment Charges

• If you anticipate any delay in payment, please notify us before the due date at accounts@eosrisk.com  to discuss an extension or payment plan.

 
6. Reference Requirement: Please quote the invoice number when making a payment.

 
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