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Foundry Legal!

We appreciate ACH/eCheck payments when possible – choose the “eCheck” tab. 

Policy and Notice re late fees and interest charges

Late fees

The Firm bills in arrears, meaning that when it is requesting payment for services, those services have already been performed.  This is why are bills are due on receipt. 

 
Also, for any invoices dated on or after August 1, 2021, any balance not paid in full within 7 calendar days is subject to a one-time $35 late fee, which will be added to that invoice.  In addition, monthly interest charges described below will also apply.
 
Monthly interest charges on open balances.
The Firm may apply interest charges on all outstanding balances at the rate of 1.5% per month (18% per year), applied and compounded monthly, starting 30 days after the invoice date. 

Retainers and Deposits
For clients who pay on retainer, much of the above will not apply.  You will continue to receive requests for retainer replenishment once your amount in trust drops below $1,000. 
 
Other notices:
All the other payment conditions and policies in our engagement letter agreement still apply.  
 
If your A/R balance gets too high or too late, the firm must reserve the right to put in place a “stop-work” policy until the balance is brought under $500 and no balance is more than 30 days past due.  In certain situations, the firm reserves the right to withdraw from the representation altogether. 

Thank you!