In addition to late payment interest, 40 Euros of recovery cost provided in the form of a lump sum is due to the obligee

Experience has shown that many company executive officers know nothing about the fact that under contracts between businesses, in case the invoices of their business are not settled within the deadline, they are entitled to recovery costs provided in the form of a lump sum - an expert at Kovács Réti Szegheő Law Firm drew the attention of Origo. Dr. Mónika Kapecz pointed out that in respect of contracts concluded after 1 July 2013, it is worth bearing in mind for businesses that when their invoices are not settled within the deadline, they could enforce recovery costs provided in a lump sum, in addition to the late payment interest.

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