Sample language
Written to work with Common Paper standard agreements.
Include late payment penalty
Professional Services Agreement version: 1.0, 1.1
Add at the end of Section 4.2: “If Customer does not pay undisputed fees within the Payment Period, Customer will pay interest on the overdue amounts at the rate of 1.5% per month or the maximum rate permitted by Applicable Laws, whichever is less. In addition, Customer will reimburse Provider for all costs of collection (including attorneys’ fees).â€