06:59 Oct 16, 2004 |
French to English translations [PRO] Law/Patents - Law: Contract(s) / fixed price contracts | |||||||
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| Selected response from: Tony M France Local time: 09:34 | ||||||
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Any past due invoice will rightfully incur Explanation: a late payment interest rate twice that of the legal interest rate in effect, calculated from the date of the invoice until full payment of all sums due. |
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See sentence shall automatically trigger interest calculated at twice the prevailing legal rate.. Explanation: "de plein droit" means automatically.i.e without serving notice,summons etc.. |
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See sentence See explanation below... Explanation: Interest at twice the prevailing official rate will be levied automatically on any overdue invoice, with effect from the invoice's due date and until such time as it is settled in full |
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