Late payment interest
Catalog row in Vendor License Evidence · Cited
- Kind
- Contract excerpt
- Excerpt
- "charge interest on the unpaid sum from the Due Date at an annual rate of 12% per annum unless a lower rate is required by Law, accruing on a daily basis and being compounded quarterly until payment is made."
- Locator
- GTB v3.5 s.4.6.3 Late Payment
- Applies to
- Subscriptions are invoiced annually in advance
- Supports rules