Late Fee

What it does

• A late fee is a term of trade, not a punishment.
• The page sets an annualised rate and the day it starts.
• The fee exists to make payment timing a shared fact.

How to use it

1. State the rate as a monthly amount for clarity.
2. Apply the fee automatically; a discretionary fee is never applied.
3. Send a reminder before the fee, then apply it without discussion.
4. Keep the clause short enough to be quoted in the invoice email.

Safety notes

• A late fee is not a substitute for stopping work on an unpaid invoice.
• Check local limits on interest before setting the rate.