Is your business contract setting you up for cash flow chaos—or legal trouble? Many Florida business owners default to Net-30 payment terms, assuming it’s the industry standard. But Net-15 or requiring deposits can dramatically shift your leverage and risk profile. Under Fla. Stat. § 672.309, payment terms must be clear, specific, and agreed in writing. If your contract is vague or silent, you risk ambiguity that can lead to costly litigation and delayed payments.
Net-15 means payment is due 15 days after invoice, accelerating your receivables but potentially straining client relationships. Net-30 gives clients more time but exposes you to longer collection cycles and greater risk of nonpayment. Deposits offer upfront security, but if not properly documented, can trigger refund obligations or breach claims. Florida courts look for clear evidence of agreed terms—verbal agreements rarely hold up, and missing deadlines can impact your ability to enforce payment or file suit. Fla. Stat. § 95.11 sets strict time limits for legal action, so you must act quickly if payments go unpaid.
Our firm sees business owners lose thousands by failing to specify payment terms or enforce deadlines. Common mistakes include relying on industry norms, neglecting written documentation, and ignoring statutory deadlines. Protect your business by structuring contracts with clear payment terms, documenting deposits, and tracking deadlines. Don’t let vague contracts or delayed payments undermine your business—consult with a Florida business attorney to ensure your terms are enforceable and your rights protected.
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Disclaimer: This content is for informational purposes only and does not constitute legal advice, and laws and legal interpretations may change after the date of publication.
Written by:
Gil Sánchez, Esq.
CEO | Civil Trial Attorney
Black Rock Trial Lawyers
Abogados Law
