SaaS Agreements – International Agreements – Interest on Late Payments

SaaS customers often delay payment of invoices. In order to protect your SaaS business and improve cash flow, SaaS suppliers usually include the right to claim interest on late payments in the terms of their SaaS agreement or rely on their statutory right to interest under the Late Payment of Commercial Debts (Interest) Act 1998 (Act”). However, following the decision in Martrade Shipping and Transport GmbH v United Enterprises Corporation SaaS suppliers should be aware of the limitations of relying upon the Act, particularly where the SaaS customer or SaaS supplier is a non UK entity.

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Bodle Law
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