Interest on Overdue Invoices. In case the Licensee fails to make the full payment of any Invoice issued by EASYPIX BRASIL, within the term set forth on the Invoice, EASYPIX BRASIL shall be entitled to charge interest rate of two percent (2%) a month, or lower, but always up to the maximum limit as allowed by the applicable law, on any due amount, until the full payment is effectively made.
Appears in 2 contracts
Sources: Licensing Agreement, Licensing Agreement