Payment terms between professionals

Until the entry into force of Article L.441-6 of the French Commercial Code, as amended by the Macron Law, payment terms were set at forty-five days from the end of the month or sixty days from the invoice date. Now, the standard term is sixty days from the invoice date.

Business Law – Case Law (July-September 2015)

1. Debtor's own right to exercise legal remedies 2. Nullity of the contract – Impossibility of restitution 3. Contractual penalty payment and penalty clause 4. Indivisibility 5. Conditions for participation in decisions within a company...