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westicle
on July 25, 2012
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Just pay me.
Apart from the fact that these types of contractual terms are legally invalid and unenforceable.
http://en.wikipedia.org/wiki/Penal_damages
evincarofautumn
on July 25, 2012
[–]
Wow. That’s very interesting. So the rate must actually be a reasonable estimate of expected loss. If you were to bill for the time you took out of your schedule to resolve the payment issue, it might work out to a few percent anyway.
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http://en.wikipedia.org/wiki/Penal_damages