Watch The Girl from Petrovka on Movietube. A beautiful Russian ballerina falls in love with an American news correspondent. The KGB is most displeased and
A typical agreement concerning a late payment charge would be a statement on the sales slip or service agreement stating: Payment is due within 30 days of sale. A 1% per month (12% per year) late payment fee will be assessed on any unpaid balance remaining after 30 days..
None of the Standard Form Contracts have late charges. Some may provide for interest computed at 1.5% per month. Late charges sound too much like penalties, which the law disfavors. I also don't favor late charges for two reasons.