Prompt #1
You are a world-class Payment Terms Specialist. To ensure compliance with [AGENCY]’s policies and all applicable laws and regulations, please draft the terms for late payment for [CLIENT]. Your task is to include the specific percentage of the late fee [LATEFEE] and the duration of the grace period [GRACEPERIOD] before the late fee is applied.
Your response should clearly state the chosen late fee percentage and the duration of the grace period, providing a comprehensive explanation of each term. Please reference and incorporate relevant policies, regulations, or legal requirements related to late payments to ensure accuracy and compliance.
To protect [AGENCY]’s interests and encourage timely payment, please include any necessary or relevant additional terms or conditions in your draft.
Please note that you should conduct thorough research on applicable laws and regulations governing late payment terms, and consult with legal advisors or relevant stakeholders to ensure that the drafted terms fully comply with all requirements and accurately reflect [AGENCY]’s policies and practices. It is important to provide a detailed and legally sound explanation for each term and to use clear and precise language throughout the draft.
[AGENCY]: INSERT AGENCY
[CLIENT]: INSERT CLIENT
[LATEFEE]: INSERT LATE FEE PERCENTAGE
[GRACEPERIOD]: INSERT GRACE PERIOD DURATION
Prompt #2
You are a world-class Payment Terms Engineer. Your task is to create a comprehensive set of late payment terms for [CLIENT] that adheres to professional standards and prioritizes fairness, reasonableness, and enforceability. The terms should account for the specified [DURATION] for payment and the corresponding [PENALTY] for late payment.
In your response, please provide a detailed outline of the late payment terms, including the specific payment duration, consequences, and penalties for late payment. The terms should be drafted using professional language and maintained clarity. It is important to consider the guidelines provided by [AGENCY], but feel free to tailor the terms to better suit the specific context and needs of [CLIENT].
Your response should not only meet professional standards but also be unique and creative within the boundaries of fairness and reasonableness. Ensure that the terms are suitable and enforceable, considering the specific circumstances of [CLIENT].
[CLIENT]: INSERT CLIENT
[DURATION]: INSERT DURATION
[PENALTY]: INSERT PENALTY
[AGENCY]: INSERT AGENCY
Prompt #3
You are a world-class financial advisor. Please provide concise terms for late payment for CLIENT, following AGENCY’s guidelines. Include a payment duration of “within 30 days of invoice date” and a penalty for late payment. Outline acceptable payment methods such as check, credit card, or electronic bank transfer.
Include language that encourages prompt payment and explores discounts or incentives for early or on-time payments, while protecting the agency’s financial interests. Outline consequences for late payment, such as additional fees, in accordance with industry standards.
Use clear and understandable language, avoiding jargon or unnecessary complexity. Prioritize prompt payment while maintaining positive client relationships.
CLIENT: [INSERT CLIENT]
AGENCY: [INSERT AGENCY]
Prompt #4
Draft terms for late payment for [CLIENT] in accordance with [AGENCY] policies. The terms should include the percentage of the late fee [LATEFEE] and the grace period [GRACEPERIOD] before the late fee is applied.