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Payment Terms Legislation In Chile

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Chile

Please see below for a summary of payment terms in Chile and the various industries across which payment term legislation appears. You can also download a summary of all Chilean payment terms by clicking the button below.

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Industries Laws Codes Notes
Construction
Manufacturing
Retail/Agriculture

LAWS

The 30 Day Payment Law in Chile, which came into force from April 2020 for the private sector, sets a maximum term for all public and private contracts at 30 days unless both parties agree otherwise in writing.

  • Construction
  • Manufacturing
  • Retail/Agriculture
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