All I have in mine about money is this ..
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This portion of the contract pertains to the policies set forth in the Helping Hands Policy Handbook governed by Helping Hands Childcare. It is the parents’ responsibility to read the policy handbook completely before signing. It is the parent’s responsibility to abide by all of the policies stipulated in the policy handbook in conjunction to this contract.
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A definition of FT, PT and drop-in care
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The child care rate for the child stated in this contract will be listed on the signed Contracted Schedule agreement.
If the client is receiving subsidized assistance from a government agency, the client is responsible for paying the full amount of any fees under this contract that the government agency does not pay to the provider.
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Before child care will commence the client is required to give a non-refundable security fee equivalent to two-weeks of care ...
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Child Care Rates
The rates for child care services are listed on the Rates and Fees sheet included in the client’s Parent Packet. Additional updated rate sheets can be downloaded from the [DAYCARE] website.
The provider may raise the child care rate yearly but not more than once a year and will give a minimum of two weeks’ notice in writing.
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Payment
Child care tuition fees for full-time and part-time clients are due and payable no later than Fridays at 5:00 p.m. Payments are paid in advance and will cover the following week of child care.
Fees are charged by the week and are based solely on enrollment, not on attendance. There are no deductions in fees regardless of whether a child is present or not. Fees are paid 52 weeks in a year.
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Late Payments
If payments are not paid in full by Friday at 5:00 p.m. a late payment fee of $10.00 will be immediately added to the client’s account. An additional $10 per calendar day will be added to the amount until it is paid in full, this includes days that fall on weekends.
If payments are not received when due, child care services will be suspended until full payment is made, which includes late payment and other fees. Payment will still be owed for any days that the child does not attend due to failure of payment of fees.
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Returned Payment Fees
The fee for non-sufficient funds or stopped payment checks is $35.00 plus the amount of any bank charges to the provider’s account, if any. All clients are allowed one non-sufficient funds or stopped payment check. After that personal checks will not be accepted from the family.
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Late Pick-Up and Early Drop-Off Fees
A Late Pick-up fee of $20 for the first fifteen minutes and $1.00 for every minute thereafter for any unscheduled pick-ups made after the child’s scheduled pick-up time. The fee must be paid no later than at drop-off on your child’s next scheduled drop-off.
There will be a $1 a minute fee if your child is dropped off without prior approval before your scheduled drop-off time. This fee is due at the time of the early drop-off or your child will not be accepted until your contracted time. Unapproved drop-offs before 7:00 AM will not be accepted.
The daycare clock will be used to determine the time.
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That's all I have about money but I do have other clauses about Holidays, sick days, absences, illness (the refers the client to the illness policy in the handbook), Immunizations, and withdrawal.
It have mine looked at by an attorney friend of my husband's and so far it has held up once already in court. I think it does also depend from state to state and court to court possibly even judge to judge.