Are you tired of waiting for payments that never arrive? Many Florida business owners lose revenue simply because they don’t enforce late fees or interest in their contracts. The problem isn’t just legal—it’s how you communicate these terms. Fla. Stat. § 687.02 allows you to charge interest on overdue payments, but anything above 18% annually is considered usurious and illegal. Setting a reasonable rate—usually between 1% and 1.5% per month—keeps you compliant and encourages timely payment.
But the real challenge is getting paid without damaging relationships. The best practice is to set clear, neutral terms in your contract and communicate them upfront. Avoid emotional language or threats. Instead, send friendly reminders before fees kick in, referencing the contract. Fla. Stat. § 95.11 gives you five years to pursue unpaid debts, but waiting that long can cripple your cash flow. Many owners make the mistake of either not specifying late fees or sending angry emails that escalate disputes.
Our firm helps you draft enforceable late fee and interest provisions that protect your business and keep your client relationships intact. We advise on the right language, deadlines, and documentation to ensure you get paid faster—without sounding confrontational. If you’re ready to stop chasing payments and start collecting, reach out for a consult.
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Disclaimer: This content is for informational purposes only and does not constitute legal advice, and laws and legal interpretations may change after the date of publication.
Written by:
Gil Sánchez, Esq.
CEO | Civil Trial Attorney
Black Rock Trial Lawyers
Abogados Law
