8 Circumstances where statutory interest may be ousted or varied
Late Payment of Commercial Debts (Interest) Act 1998 (1998 c 20) | Legislation

8  Circumstances where statutory interest may be ousted or varied

(1)     Any contract terms are void to the extent that they purport to exclude the right to statutory interest in relation to the debt, unless there is a substantial contractual remedy for late payment of the debt.

(2)     Where the parties agree a contractual

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