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.
Structure Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 29 - Timely Payments to Contractors and Subcontractors.
Section 8-29-4 - Withholding Application and Certification for Payment; Withholding Payment; Notice.
Section 8-29-5 - Waiver of Right to Receive Interest.
Section 8-29-6 - Civil Action.
Section 8-29-7 - Exemptions From Chapter.
Section 8-29-8 - No Amendment of Existing Laws; Not Applicable in Certain Civil Actions.