Chapter II: Invoicing and payment arrangements

From the day following the expiry of the payment period or the due date stipulated in the contract, late payment shall give rise, ipso jure and without further formality, to interest on arrears, the rate of which shall be set by regulation.It shall give rise, under the conditions set out in this sub-section, to interest on arrears, a fixed indemnity and, where appropriate, additional compensation paid to the creditor by…

Any waiver of payment of default interest shall be deemed unwritten.