Payment Terms Legislation In Switzerland

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Switzerland

Please scroll down for a summary of payment terms in Switzerland and the various industries across which payment term legislation appears.

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Industries Laws Codes Notes Interest Rate
Government
Comm_terms_law
Construction
Manufacturing
Retail_agriculture
Services

Notes

While no maximum term is specified, Article 75C of part 5 of the Swiss Code of Obligations requires immediate payment on request where no term is specified in contract.

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Interest Rate

Interest on late payments in commercial transactions is set at a minimum of 5%. Higher rates linked to government benchmark rates may be agreed in contract.

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