Hi, Does anyone have documented trading terms, I am about to go down the road of using a Debt recovery agent for one client (my first in 3 years). And apparently to be able to get the client to pay the cost of the agent I need documented Trading terms which includ costs.

I have thrown the attached together, but does anyone have already documented terms, or suggestions for improvement.

Trading terms
• Payment is to be made within 7 days of invoice date
• Reminders will be sent 14 days after payment is due
• Debt recovery procedures will be implemented when accounts are over 28 days overdue.
• Any Debt recovery fee’s will be added to the invoice amount when recovery action is taken
• we reserve the right to add finance charges of 15% to any overdue accounts.