Bad contract and bad payment practices: Reader’s Digest Publishing Australia and Time Inc. (via JP Morgan) | dvafoto

Time Warner’s payment vendor, JP Morgan, has unveiled a new payment plan for all suppliers. Essentially a codified 2/10 net 30 payment program, all suppliers are required to pay a fee to Time Warner if they want to be paid on time. Ranging from 4 percent fee for payment within 3 days to a .5 percent fee for payment in 25 days

Link: Bad contract and bad payment practices: Reader’s Digest Publishing Australia and Time Inc. (via JP Morgan) | dvafoto