In the world of business, timely payment of invoices is crucial for maintaining healthy cash flow and ensuring the smooth operation of transactions. However, it is not uncommon for payment delays to occur, leading to potential financial strain on both parties involved. As a business owner or professional, it is essential to understand the legal requirements surrounding invoice payments to protect your interests and maintain strong relationships with your clients. This article will guide you through the various aspects of the timeline for paying invoices, legal implications of late payments, and strategies for ensuring timely payments.