Payments
Net 30
A payment term requiring settlement of the invoice within thirty days of its issue or receipt.
What it means in practice
The contract should state whether the payment period begins on the invoice date, receipt date, or approval date. It may also specify calendar or business days, late charges, and procedures for disputed amounts.
Why it matters
The starting event determines the actual cash-flow timeline for the creator.
How it is used
A brand schedules an approved creator invoice for payment according to its contracted Net 30 terms.
Also called
30 day terms
Related terms
- InvoiceThe itemized billing document a creator issues stating deliverables, amounts, taxes, dates, and payment details.
- Purchase OrderA buyer issued reference number authorizing spend, which suppliers must quote on invoices for approval.
- Milestone PaymentA staged installment released when a specific project stage, such as script approval or delivery, is completed.