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Molten Llama
Sep 20, 2006

Subjunctivitis posted:

1) 1 invoice and an expense report are now overdue. He will be charged interest at industry standard (3%).

Late fee. Not interest. Late fee.

There are usury and other legal issues with using the term interest (especially at 3%), including some specific to your state. Don't go there in what's already a contentious situation.

We as creatives skate by on this all the time, but it can come back and bite you in the rear end if someone gets ornery about it.

Molten Llama fucked around with this message at 08:54 on Jun 14, 2013

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