Terms of payments

💳 Terms of Payment – Max InfoTech Ltd.

At Max InfoTech Ltd., we maintain transparent, fair, and professional payment terms to ensure smooth collaboration and project success.

✅ Payment Structure

• Advance Payment: A 50% upfront payment is required before project initiation unless specified otherwise.
• Milestone-Based Payments: For larger or phased projects, payments are divided across agreed-upon milestones, with progress updates before each installment.
• Final Settlement: The remaining balance is due upon project completion and before final handover or deployment.

💼 Accepted Payment Methods

• Bank Transfer
• Mobile Banking (e.g., bKash, Nagad, Rocket)
• Local/International Payment Gateways (subject to agreement)
• Cheque (for local corporate clients only)

⏳ Invoice & Due Dates

• Invoices are sent digitally via email or client portal.
• Standard payment terms are Net 7 Days from the invoice date, unless otherwise agreed.
• Overdue invoices may incur a 2% monthly late fee, and continued non-payment may result in project suspension.

🔄 Project Scope Adjustments

• Any change in scope, timeline, or deliverables after the project begins will be reflected in a revised quote and updated payment terms.
• Additional features or revisions outside the agreed scope may be billed separately.

❌ Cancellation & Refund Policy

• In the event of client-initiated cancellation after the project has started, advance payments are non-refundable.
• Partial refunds may be considered at Max InfoTech Ltd.'s discretion, based on the stage of work completed.

📩 Communication

• Payment confirmations and queries must be directed to our official accounts or finance team to ensure timely processing.