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Hello Patrick

Firstly thank you for the compliment.

Secondly, as you say, many businesses and start ups are unaware of the legislation. We hope to change that situation.

Part of the quote says "Where no credit period is agreed in a contract, the principal debt will still become due from the moment the goods are delivered or the service performed."

Although the legislation uses a default credit period of 30 days, this would make the overdue period six years and thirty days.

I would not like to say that the courts would take the 30 days into consideration when calculating the six year period. If I was you I would make sure that you make your claim before the 30th.

Chris who has more experience in this area will hopefully add something completely different and to the point tomorrow!

Regards

David