ipayables
Definition
iPayables is not a standard legal term but rather a brand name for an electronic invoicing and accounts payable automation platform that businesses use to process and pay vendor invoices digitally. Companies use this type of system to receive invoices from suppliers, approve payments, and keep digital records of all transactions. Courts and contracts sometimes reference specific platforms like iPayables when describing how payment obligations must be fulfilled between business partners.
Example
Your supplier contract might specify that you must submit all invoices through iPayables within 30 days of delivering goods, meaning you need an account on that platform to get paid on time.
Watch Out
If your contract requires you to use a specific payment platform like iPayables, failing to submit invoices correctly through that system could delay your payment or even be used as a reason to dispute what you are owed.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.