Common use of A Late Fee Clause in Contracts

A Late Fee. The Client will be charged: (check one) ☐ - A Flat Fee. The flat fee is equal to $[#] for each day payment is late. ☐ - Based on Interest. Interest of [#]% will be charged on the outstanding balance due for each month payment is late. EVENT CHANGES. After the signing of this Contract, changes to the Event by the Client: (check one) ☐ - Can be Made. A change or cancellation of the Event is allowed no sooner than [#] days prior to the Event. If a change or cancellation of the Event occurs sooner than such time period, a payment equal to: (check one) ☐ - [#]% of the Deposit will be made non-refundable to the Caterer. ☐ - [#]% of the Total Amount will be due and payable by the Client to the Caterer.

A Late Fee. The Client will be charged: (check one) ☐ - A Flat Fee. The flat fee is equal to $[#] for each day payment is late. ☐ - Based on Interest. Interest of [#]% will be charged on the outstanding balance due for each month payment is late. EVENT CHANGES. After the signing of this Contract, changes to the Event by the Client: (check one) ☐ - Can be Made. A change or cancellation of the Event is allowed no sooner than [#] days prior to the Event. If a change or cancellation of the Event occurs sooner than such time period, a : (check one) ☐ - Payment is Required. A payment equal to: (check one) ☐ - [#]% of the Deposit will be made non-refundable to the Caterer. ☐ - [#]% of the Total Amount will be due and payable by the Client to the Caterer.