How do you legally determine when an invoice is due, the month billed or when work was performed?
Full Question:
We are asking a subcontractor to sign a lien waiver of Feb. invoices. They refused because one invoice was not included. We rented equip from them during Feb but was billed in March. Do you go by billing date or date of equip usage to determine month due?
04/06/2007 |
Category: Contracts |
State: Texas |
#2706
Answer:
The payment terms are governed by the terms of the rental agreement. If the agreement doesn't specify when payment is to be made, courts will look at standards of the trade and previous dealings between the parties, among other factors, to interpret the intent of the parties.
