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Posts Tagged ‘term of payment’


Interests are due regardless of intention of the parties

27-03-2009

We may recently observe that entrepreneurs encounter problems to maintain financial liquidity. And since turnover credits are rather difficult to obtain there is a permanent deficit of cash on the market. As a consequence entrepreneurs try to impose distant terms of payment on their contractors. However even if parties agree to postpone the term of payment that does not exclude interests on the payment.

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