Contracts
Payment terms
How and when an invoice must be paid. "Net 30" means within 30 days of the invoice date.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
Their payment terms are net 60, so cash flow's going to be tight.
Why it matters to you.
Long payment terms from big clients are a hidden cost for small suppliers. It's a reasonable thing to negotiate.
Videos.
No video mentions Payment terms by name yet. These are on the same topic, Business & startups.