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.

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.

A Late Fee. The Client will be charged: (check one) ☐ - A Flat Fee. The flat fee is equal to [AMOUNT] for each day payment is late. ☐ - Based on Interest. Interest of [PERCENTAGE]% will be charged on the outstanding balance due for each month payment is late.

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.

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.