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NSW Contract Law - Modify Contract to Charge Credit Card After 90 Days?

Discussion in 'Commercial Law Forum' started by Matt Williams, 21 April 2016.

  1. Matt Williams

    Matt Williams Member

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    Hi there,

    I work for an office supply company that has a thirty day period for our customers to pay us. Problem is, we have a few customers that have outstanding balances lasting over 90 days. As a result, I'm chasing up debts all day.

    Under Contract Law, can I modify my contract to request a credit card number, and to stipulate that the card will be charged after a period of 90 days in the event of non-payment?

    Cheers
     
  2. Sophea

    Sophea Well-Known Member

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    I don't see why not. Provided that you gain their express consent in your agreement to charge for their bills if they have not paid within 90 days.
     
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