Payment Terms Legislation In Montenegro
Montenegro
Please see below for a summary of payment terms in Montenegro and the various industries across which payment term legislation appears. You can also download a summary of all Montenegro payment terms by clicking the button below.
Industries | Laws | Codes | Notes | Interest Rate |
---|---|---|---|---|
Government | ||||
Comm_terms_law | ||||
Construction | ||||
Manufacturing | ||||
Retail_agriculture | ||||
Services |
LAWS
The Act on Deadlines for Settlement of Monetary Obligations set a default maximum payment term of 30 days. This term can be extended to 60 days, and 90 days if covered by a bank guarantee or bill of exchange.
- Comm_terms_law
- Construction
- Manufacturing
- Retail_agriculture
- Services
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