Explaining Late Payments in Commercial Contracts: The Late Payment of Commercial Debts (Interest) Act 1998 and Section 69 of the County Courts Act 1984
Late payments from clients can significantly disrupt a business’s cash flow, causing financial strain and operational difficulties. This issue has become increasingly common in today’s challenging economic climate. To help businesses manage this risk, English law provides mechanisms to claim interest on late payments. This article will explore when to use the Late Payment of […]