Legal Question in Construction Law in Minnesota
holding checks
We are a family owned buisness and have frequent problems of getting paid on time. Is there a time limit for a check to be paid? or a statute stating this problem?
Asked on 7/25/08, 8:36 pm
1 Answer from Attorneys
Maury Beaulier612.240.8005
Minnesota Lawyers
Re: holding checks
No. It is entirely based on the terms of the contract. Many contracts indicate that the fees are payable within a certain time period after which an interest rate applies for unpaid fees.
Answered on 7/26/08, 1:47 am
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