What is the maximum payment period between businesses in Morocco?

Since Law No. 69-21, the period is 60 days from the invoice when the parties have agreed nothing, and it cannot exceed 120 days by agreement. Beyond that, the debtor faces a fine paid to the Treasury.

How do I calculate late payment interest on an unpaid invoice?

Apply the annual rate in the contract to the unpaid amount, pro rata to the number of days late. If the contract is silent, the statutory rate of the applicable country applies, often only from a formal demand.

Can I stop work if the client does not pay?

Yes, if the contract provides for it or if the applicable law recognises the right to withhold performance, provided the breach is serious enough. Give written notice of the suspension and keep evidence of the non-payment.

Clause templatesPayment

Payment terms and late payment interest clause

This clause states when and how you will be paid, and what happens if the client pays late. Clear deadlines, a deposit and late payment interest agreed at signature sharply reduce unpaid invoices. In several countries, statutory rules cap payment periods and set penalties between businesses.

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Clause template

1. The price is [AMOUNT] [EXCLUDING / INCLUDING TAX], payable as follows: [PERCENTAGE]% on signature, [PERCENTAGE]% on [MILESTONE], and the balance on [MILESTONE / DELIVERY]. 2. Invoices are payable by [BANK TRANSFER / OTHER] within [NUMBER] days of their issue date, within the maximum period permitted by the applicable law. 3. Any amount unpaid when due bears interest automatically, without formal notice where the law allows, at [RATE]% per year, and not less than the applicable statutory minimum rate. 4. If payment is more than [NUMBER] days late, [NAME OF CREDITOR] may, after written notice, suspend performance of its obligations until payment in full. 5. Rights in the deliverables pass on payment of the full price. 6. Bank charges relating to payment are borne by [PARTY].

Replace the bracketed items before use.

Variants

Monthly subscription version

The subscription fee is [AMOUNT] per month, payable in advance on the [DAY] of each month by direct debit or transfer. If a failed payment is not remedied within [NUMBER] days of a reminder, access to the service may be suspended until payment is made, without prejudice to late payment interest.

When to use it

You invoice services in several stages (deposit, milestones, balance).
You sell on credit to businesses with a payment period.
You work as a freelancer and want to be paid before delivering final files.
You grant a payment plan for an existing debt.

Mistakes to avoid

Not stating when the payment period starts (invoice date, delivery, receipt).
Setting a period longer than the statutory maximum, or an interest rate below the statutory minimum.
Forgetting the right to suspend services for non-payment.
Setting excessive interest that may breach usury rules.

Country-specific notes

Tunisia
For a debt of money, the Tunisian Code of Obligations and Contracts in principle limits damages for delay to statutory interest, running from the creditor's demand (art. 278).
Source: Code des obligations et des contrats (Tunisia), consolidated text
Morocco
Since Law No. 69-21 amending the Commercial Code, the payment period is 60 days from the invoice if nothing is agreed, and may not exceed 120 days; late payment exposes the debtor to a fine paid to the Treasury, based on the Bank Al-Maghrib key rate plus 0.85% per additional month.
Source: Village de la Justice, « Les nouvelles dispositions sur les délais de paiement des dettes fournisseurs »
France
Between businesses, late payment penalties are due from the day after the due date without reminder; the rate may not be lower than three times the statutory interest rate (by default, the ECB rate plus 10 points), and a fixed €40 recovery indemnity applies per invoice.
Source: Bpifrance Création, « Taux des pénalités de retard »

Contracts that use this clause

Frequently asked questions

Since Law No. 69-21, the period is 60 days from the invoice when the parties have agreed nothing, and it cannot exceed 120 days by agreement. Beyond that, the debtor faces a fine paid to the Treasury.

Other Payment clauses

Sources

Indicative template, to adapt to your situation. It does not replace legal advice.

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Payment terms and late payment interest clause

Create a free account

Variants

Monthly subscription version

Country-specific notes

Tunisia

For a debt of money, the Tunisian Code of Obligations and Contracts in principle limits damages for delay to statutory interest, running from the creditor's demand (art. 278).

Code des obligations et des contrats (Tunisia), consolidated text

Morocco

Since Law No. 69-21 amending the Commercial Code, the payment period is 60 days from the invoice if nothing is agreed, and may not exceed 120 days; late payment exposes the debtor to a fine paid to the Treasury, based on the Bank Al-Maghrib key rate plus 0.85% per additional month.

Village de la Justice, « Les nouvelles dispositions sur les délais de paiement des dettes fournisseurs »

France

Between businesses, late payment penalties are due from the day after the due date without reminder; the rate may not be lower than three times the statutory interest rate (by default, the ECB rate plus 10 points), and a fixed €40 recovery indemnity applies per invoice.

Bpifrance Création, « Taux des pénalités de retard »