Alabama Code (Last Updated: November 28, 2014) |
Title8 COMMERCIAL LAW AND CONSUMER PROTECTION. |
Chapter29. TIMELY PAYMENTS TO CONTRACTORS AND SUBCONTRACTORS. |
§8-29-5. Waiver of right to receive interest.
Latest version.
-
A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.