Legal Question in Business Law in Florida
Maximum interest amount for overdue invoices
I'm suing a client for overdue invoices. My proposals and invoices clearly state that late payments will be subject to 1.5% interest per month.
The client's attorney states that this is in excess of the statutory limits imposed by the courts.
This lawsuit takes place in Florida.
Asked on 2/07/07, 11:16 am
1 Answer from Attorneys
Michael Stewart
Michael D. Stewart
Re: Maximum interest amount for overdue invoices
Are you charging interest on the interest?
Answered on 2/07/07, 11:58 am
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