Is Invoice An Agreement

September 24, 2021 11:37 am Published by

This becomes important when it comes to determining when the invoice is actually due for customers on the credit due date. Is an invoice a legal document? In itself, an invoice is not a legally binding agreement. If a single invoice were a legally binding document, suppliers could create fake invoices and then force their customers to pay them. If both parties do not agree with the invoice, it is not legally binding. The weak legal position of an invoice is precisely the reason why sellers require customer signatures or some other form of mandatory acceptance before sending a product. Liability works on an invoice in both directions. Customers could order products and then deny that they have already placed the order. For suppliers who sell consumables, this practice could be extremely costly. .

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