My original contract stated that I would terminate if I was paid late. I have decided to change this to instead charge a fee per day for late payment and reserve the right to terminate if a client is late with a payment.
My late payment fee is high - it's the equivalent of one day of fees. I have one client (the one who Often pays me late) who is hesitant about signing and suggested that what I am enforcing is illegal. He said something about how the interest per day can only be a certain amount. I am wondering if anyone else has any knowledge about a law like this?
I have researched his concern and have not found evidence to support his claim.
My gut is telling me not to trust this guy (there were a couple of other issues before this) and I am very close to asking him to find another provider. The most issue was that he brought his child into my house 10 minutes before I opened, slipped on my freshly mopped floor and said something like, "I sure hope that heals." It made me kind of nervous that he might be the kind of person to sue me.
Anyway, the slipping isn't the issue but I wanted to give a bit of background about why this guy's argument makes me nervous.
I really love having his child here and I would like to continue to continue to offer my services to this family.