Unveiling the Secret Ingredient for Charging Interest on Late Payments Without Terms and Conditions

Are late payments from clients causing a strain on your business's cash flow? As a debt recovery specialist, I've seen countless businesses struggle with overdue invoices, especially when they lack clear terms and conditions. However, a little-known secret ingredient that can empower you to charge interest and penalties on those late payments is the Late Payment of Commercial Debts and Interest Act 1998.
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